Quadria Capital raises $304m for Asia healthcare investments

Visual from the company website

Singapore and India-based private equity firm Quadria Capital said it had raised $304 million for healthcare investments in South and Southeast Asia.

Quadria Capital, which is among Asia’s largest healthcare PE firms, raised this amount under its first sector focused fund – Quadria Capital Fund L.P.

The company said this fund had seen its final close, and it comes after nearly three years, since it had been launched.

Quadria said it would it would make equity investments in high quality and scalable mid-sized healthcare companies in South and South-east Asia, and added that the fund would target four key healthcare sub-sectors – healthcare delivery, life sciences, medical technology, and associated healthcare services.

The fund has already completed two investments – Medica Synergie, a hospital network in eastern India and and SOHO Global Health, one of the largest pharmaceutical manufacturing and distribution businesses in Indonesia.

SOHO, which is based in Jakarta, develops, manufactures, and markets evidence based natural medicine, and over-the-counter products primarily for Indonesia. In 2013, SOHO set up a joint venture partnership with a leading multinational pharmaceutical business, Fresenius Kabi, principally for the production and sale of innovative pharmaceutical liquid injectable products, and branded generics.

Amit Varma, managing partner at Quadria Capital, 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,” he said.

“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 aswe position our Fund to serve the needs of the region for quality healthcare and our investors for exceptional returns,” he added.

The investors in its latest fund include the International Finance Corporation of the World Bank, government institutions from Europe and the Middle East as well as institutional investors and family offices.

Quadria Capital’s managing partner, Abrar Mir, said the firm was focussed on “producing superior returns for our investors and to make positive development impact on local communities”.

“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,” he added.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.