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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

Wong Chia Peck
Published Tue, May 27, 2025 · 08:00 AM
    • Asia's healthcare market is expected to drive 40 per cent of growth in the global healthcare sector by 2030, according to Boston Consulting Group.
    • Abrar Mir, co-founder and managing partner of Quadria Capital, says the third healthcare fund is drawing capital from several Asian sovereign investors.
    • Asia's healthcare market is expected to drive 40 per cent of growth in the global healthcare sector by 2030, according to Boston Consulting Group. PHOTO: GETTY
    • Abrar Mir, co-founder and managing partner of Quadria Capital, says the third healthcare fund is drawing capital from several Asian sovereign investors. PHOTO: QUADRIA CAPITAL

    [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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