STRASBOURG, France – With about €1.3 billion under management, Sofinnova Partners is one of the biggest – and most active – players in European VC. It is also about to add to that number. "We're in the process of closing our eighth fund," Sara Nunez Garcia, senior associate at Paris-based Sofinnova, told delegates during a panel on the differing approaches to risk assessment that VCs take in North America, Europe and Asia. It will, like its predecessors, be in the €250 million to €300 million range.