Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target
Fund draws new investors from India, Middle East seeking to raise exposure to defensive sector
[SINGAPORE] Quadria Capital, a Singapore-based private equity (PE) firm, announced on Tuesday (May 27) the final close of its third healthcare fund at nearly US$1.1 billion.
That is above the original target of US$800 million, said the healthcare-focused company, which manages more than US$4 billion across 27 investments in South and South-east Asia.
Its investors – which include North American and European sovereign wealth funds and asset managers – may also commit another US$300 million during the investment phase of the third fund. This could bring the total committed capital to around US$1.3 billion when Quadria fully deploys the fund.
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