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Quadria Capital expands into the Middle East with new Dubai office

This follows its partial exit from its portfolio company via an IPO in India

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Benjamin Cher

Benjamin Cher

Published Wed, Dec 17, 2025 · 12:30 PM
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    • Quadria is looking to expand to regions that are similar to where it has already been investing, says Sunil Thakur, partner and head of South Asia at the private equity firm.
    • Quadria is looking to expand to regions that are similar to where it has already been investing, says Sunil Thakur, partner and head of South Asia at the private equity firm. PHOTO: QUADRIA CAPITAL

    [SINGAPORE] Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office.

    This comes on the back of its partial exit from its portfolio company Nephrocare Health Services (NephroPlus) via an initial public offering (IPO) in India. NephroPlus is a dialysis operator in India, the Philippines, Uzbekistan and Nepal. It will also be entering Saudi Arabia as part of Quadria’s push into the Gulf Cooperation Council (GCC) markets.

    NephroPlus is the first exit from Quadria’s Fund III that closed in May, raising US$1 billion – above its US$800 million target.

    Private equityHealthcare

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