Singapore-and-India-based private equity firm closes healthcare fund with strong support from premier investors and institutions with healthcare expertise
Fund to invest in high quality and scalable mid-sized healthcare businesses in South and Southeast Asia
SINGAPORE-9th June 2015- Quadria Capital, one of Asia’s largest healthcare private equity groups, has raised US$304 million for healthcare investments in the region at the close of its third investment vehicle, Quadria Capital Fund L.P.
The Singapore-and India based private equity firm is focused on making equity investments in high quality and scalable mid-sized healthcare companies in South and Southeast Asia. The Fund’s investment strategy targets four key healthcare subsectors: Healthcare Delivery, Lifesciences, Medical Technology, and Associated Healthcare Services.
The Fund has already completed two investments, in Medica Synergie which is the largest hospital network in eastern India, and SOHO Global Health, one of the largest pharmaceutical manufacturing and distribution businesses in Indonesia. The SOHO deal, concluded in March, is the first private equity deal in Indonesia’s fast-growing pharmaceutical industry.
Quadria Capital’s Managing Partner Dr Amit Varma said: “We are very pleased that several premier institutions with deep healthcare experience have entrusted their capital with us. This underscores their confidence in our knowledge and skills in assessing the sector and in sourcing deals with outperformance potential.
“There is rising demand in Asia for quality healthcare products and services, driven by an ageing population, affluence and changing disease patterns. We see exciting opportunities for Quadria Capital as we position our Fund to serve the needs of the region for quality healthcare and our investors for exceptional returns.”
His colleague, Managing Partner Abrar Mir added: “We thank our investors who have been our partners since launch, and welcome our new investors. We remain focused and driven to achieve our mission of producing superior returns for our investors and to make positive developmental impact on local communities.”
Countries in Asia represent over 30% of world’s population and 40% of the world’s disease burden, yet spend less than 5% of their GDP on healthcare. Despite that, by 2020 total healthcare spend in Asia is expected to surpass US$ 3 trillion, higher than that of the US and Europe today.
Quadria Capital’s investors include leading asset managers, development finance institutions, institutional investors, healthcare groups, and family offices from US, Europe, Asia and the Middle East. BerchWood Partners LLC acted as the exclusive placement agent for Quadria Capital.
Quadria Capital is hosting its Inaugural Healthcare Forum on June 10 and 11, 2015, in Singapore with participation of over 60 institutional investors, healthcare operators and thought leaders from across the globe.
For further information, please visit Quadria’s website at www.quadriacapital.com
Media Contacts:
Quadria Capital
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