Religare-backed Quadira Cap to launch $300-mn healthcare fund

IFC to invest $25 million in the fund

GP will raise around $25 million from International Finance Corporation for its proposed $300 million fund. Quadria is sponsored by Religare Global Asset Management (RGAM), part of Ltd and the fund is targetted at the growing healthcare sector in South and Southeast Asia. Quadria expects to have its first close in 2013.

According to the IFC, Quadria is targetting $300 million in total commitments by its final close and the Corporation is proposing a limited partnership investment of up to $25 million in the Fund. Quadria Capital GP is the general partner, Quadria Capital Investment Management is the investment manager, and Quadria Capital Investment Advisory is the investment advisor.

The fund is a single sector private equity fund and its focus will be healthcare sector in South and Southeast Asia. The fund aims to provide equity to growth stage healthcare companies, and will focus on strategic initiatives and operational improvements in its portfolio companies.

The Fund will make investments in focused on the provision of healthcare delivery, life sciences, medical technology, and associated healthcare services. The Fund will likely be registered in the Cayman Islands as an exempted limited partnership. Quadria expects to have its first close in 2013.

Quadria Capital Investment Management, the investment manager, will be located in Singapore, and Quadria Capital Investment Advisory, the investment advisor, will be located in Delhi. The Fund plans to invest across a number of developing countries in both South Asia and Southeast Asia, with an approximately even distribution across the two regions. Its current deal pipeline includes potential projects in both South and Southeast Asia, according to IFC's project discolusre.

The disclosure further stated that provision of growth capital to small and medium sized healthcare providers, thus expanding healthcare infrastructure in emerging markets. This would increase access to quality healthcare provision and generate jobs in target markets.

“An investment by could be a demonstration of successful private equity investing in healthcare in emerging markets countries. This demonstration would build confidence amongst institutional investors to invest in emerging markets and the sector, and potentially encourage the development of domestic capital markets for investment in healthcare,” said the Corporation.

IFC's involvement would play a catalytic role in mobilising other sources of capital, contributing to a successful first closing and Corporation's experience in the target regions and operations on the ground in many of the target countries may contribute to the Fund's success as it seeks to invest across regions and develop its network for deal sourcing and strategic exits.

image
Business Standard
177 22
Business Standard

Religare-backed Quadira Cap to launch $300-mn healthcare fund

IFC to invest $25 million in the fund

T E Narasimhan  |  Chennai 



GP will raise around $25 million from International Finance Corporation for its proposed $300 million fund. Quadria is sponsored by Religare Global Asset Management (RGAM), part of Ltd and the fund is targetted at the growing healthcare sector in South and Southeast Asia. Quadria expects to have its first close in 2013.

According to the IFC, Quadria is targetting $300 million in total commitments by its final close and the Corporation is proposing a limited partnership investment of up to $25 million in the Fund. Quadria Capital GP is the general partner, Quadria Capital Investment Management is the investment manager, and Quadria Capital Investment Advisory is the investment advisor.

The fund is a single sector private equity fund and its focus will be healthcare sector in South and Southeast Asia. The fund aims to provide equity to growth stage healthcare companies, and will focus on strategic initiatives and operational improvements in its portfolio companies.

The Fund will make investments in focused on the provision of healthcare delivery, life sciences, medical technology, and associated healthcare services. The Fund will likely be registered in the Cayman Islands as an exempted limited partnership. Quadria expects to have its first close in 2013.

Quadria Capital Investment Management, the investment manager, will be located in Singapore, and Quadria Capital Investment Advisory, the investment advisor, will be located in Delhi. The Fund plans to invest across a number of developing countries in both South Asia and Southeast Asia, with an approximately even distribution across the two regions. Its current deal pipeline includes potential projects in both South and Southeast Asia, according to IFC's project discolusre.

The disclosure further stated that provision of growth capital to small and medium sized healthcare providers, thus expanding healthcare infrastructure in emerging markets. This would increase access to quality healthcare provision and generate jobs in target markets.

“An investment by could be a demonstration of successful private equity investing in healthcare in emerging markets countries. This demonstration would build confidence amongst institutional investors to invest in emerging markets and the sector, and potentially encourage the development of domestic capital markets for investment in healthcare,” said the Corporation.



IFC's involvement would play a catalytic role in mobilising other sources of capital, contributing to a successful first closing and Corporation's experience in the target regions and operations on the ground in many of the target countries may contribute to the Fund's success as it seeks to invest across regions and develop its network for deal sourcing and strategic exits.

RECOMMENDED FOR YOU

Religare-backed Quadira Cap to launch $300-mn healthcare fund

IFC to invest $25 million in the fund

Quadria Capital GP will raise around $25 million from International Finance Corporation for its proposed $300 million fund. Quadria is sponsored by Religare Global Asset Management (RGAM), part of Religare Enterprises Ltd and the fund is targetted at the growing healthcare sector in South and Southeast Asia.

GP will raise around $25 million from International Finance Corporation for its proposed $300 million fund. Quadria is sponsored by Religare Global Asset Management (RGAM), part of Ltd and the fund is targetted at the growing healthcare sector in South and Southeast Asia. Quadria expects to have its first close in 2013.

According to the IFC, Quadria is targetting $300 million in total commitments by its final close and the Corporation is proposing a limited partnership investment of up to $25 million in the Fund. Quadria Capital GP is the general partner, Quadria Capital Investment Management is the investment manager, and Quadria Capital Investment Advisory is the investment advisor.

The fund is a single sector private equity fund and its focus will be healthcare sector in South and Southeast Asia. The fund aims to provide equity to growth stage healthcare companies, and will focus on strategic initiatives and operational improvements in its portfolio companies.

The Fund will make investments in focused on the provision of healthcare delivery, life sciences, medical technology, and associated healthcare services. The Fund will likely be registered in the Cayman Islands as an exempted limited partnership. Quadria expects to have its first close in 2013.

Quadria Capital Investment Management, the investment manager, will be located in Singapore, and Quadria Capital Investment Advisory, the investment advisor, will be located in Delhi. The Fund plans to invest across a number of developing countries in both South Asia and Southeast Asia, with an approximately even distribution across the two regions. Its current deal pipeline includes potential projects in both South and Southeast Asia, according to IFC's project discolusre.

The disclosure further stated that provision of growth capital to small and medium sized healthcare providers, thus expanding healthcare infrastructure in emerging markets. This would increase access to quality healthcare provision and generate jobs in target markets.

“An investment by could be a demonstration of successful private equity investing in healthcare in emerging markets countries. This demonstration would build confidence amongst institutional investors to invest in emerging markets and the sector, and potentially encourage the development of domestic capital markets for investment in healthcare,” said the Corporation.

IFC's involvement would play a catalytic role in mobilising other sources of capital, contributing to a successful first closing and Corporation's experience in the target regions and operations on the ground in many of the target countries may contribute to the Fund's success as it seeks to invest across regions and develop its network for deal sourcing and strategic exits.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard