Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target

[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.