Healthcare revolution: $1.07 billion for new fund!

Healthcare revolution: $1.07 billion for new fund!

Quadria Capital, an Asian healthcare private equity firm, has announced exciting news as it has received $1.07 billion in commitments for its third fund. This significantly exceeds the original target of USD 800 million. Already reported in September 2023  Reuters that Quadria wanted to raise up to $1 billion for this fund to specifically invest in the healthcare sector in South and Southeast Asia. Amit Varma, the co-founder and managing partner of Quadria, highlighted that the Asian healthcare sector is at a crucial stage and investment interest in India will increase significantly by 2025.

Current fundraising exceeds the previous result of $600 million in 2020 by an impressive 60 percent. This makes this fund the largest healthcare private equity fund in the region. Over $954 million are primary commitments, while $114 million in co-investment capital has also been raised.

Institutional support and investment strategies

The main owners of the new fund include North American and European sovereign wealth funds, asset managers and strategic companies. Quadria has also received new commitments from global institutional investors, including support from the Gulf Cooperation Council and interest from India. A special focus is also on the commitments of impact investors.

The fund will develop a diversified portfolio of approximately ten market-leading companies, targeting significant minority and majority holdings. A notable portion of the funds, almost 40 percent, has already been invested in companies such as Aragen Life Sciences, dialysis chain NephroPlus and eye care chain Maxivision. Two new investments are planned in Southeast Asia in the near future.

About Quadria Capital

Quadria Capital operates with the aim of transforming and strengthening the healthcare market in the region. The firm leverages its expertise and global network to drive value-adding changes in healthcare. Tri Pham, Chairman of Vnexus Capital Advisors, brings broad financial and advisory experience, which also contributes to Quadria's strategic positioning. Pham has over 44 years of experience and has held leadership positions at notable institutions such as Deutsche Bank and the World Bank.

With an MBA in Finance and Investment from George Washington University and a degree in Economics and Quantitative Management from the Catholic University of America, Pham has advised numerous companies and investors on market entry and corporate strategy. His leadership skills and international network strengthen Quadria Capital's position in the dynamic healthcare sector.