Quadria Capital, a preeminent private equity firm with a dedicated focus on the healthcare sector across Asia, has successfully announced the final close of its latest fund, Fund III.
The fundraising significantly surpassed its initial US$800 million target, closing with total commitments reaching US$1.07 billion.
This impressive figure includes over US$954 million in primary commitments and an additional US$114 million in committed co-investment capital, with an anticipated US$300 million further co-investment capacity.
This close, approximately 60% larger than the firm’s previous fund, solidifies Quadria Capital’s position as the largest dedicated healthcare private equity fund operating in South and Southeast Asia, demonstrating robust investor confidence in its strategy and the region’s healthcare market potential.
The success of Fund III in a challenging global fundraising environment underscores the strong conviction of a diverse group of global institutional investors in Quadria Capital’s approach and the significant opportunities within the Asian healthcare landscape. Backing came from prominent existing investors, including major sovereign wealth funds, asset managers, and strategic corporates from North America and Europe. The fund also welcomed new commitments from globally recognized institutions, notably securing significant support from leading investors across the GCC, including Saudi Arabia, the UAE, and Bahrain, as well as fresh capital from major banks, insurance companies, and family offices in India. The continued robust participation from impact investors further highlights Quadria’s commitment to scaling healthcare businesses that deliver crucial care to underserved populations.
Quadria Capital’s strategy leverages deep local market expertise, combined with global best practices and substantial financial resources, to drive growth in the Asian healthcare sector. Their commitment is exemplified by their established presence and investments in markets like Vietnam, where they operate a local office and support companies such as FV Hospital and Con Cung.
As Abrar Mir, Co-Founder and Managing Partner, stated, “Fund III’s close… is a powerful validation of our strategy and our mission… It reflects deep global investor conviction in the transformational opportunity in Asian Healthcare, where social impact and financial performance go hand in hand.”
Ewan Davis, Partner at Quadria Capital, added, “Our approach combines deep local insights with globally proven best practices and significant capital resources to empower leading players in Vietnam’s Healthcare segment,” pointing towards the potential for a “golden era of healthcare transformation” in the region, as noted by Janice Trinh, Country Head for Vietnam.
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