- Fund close exceeds initial target despite a challenging fundraising environment, reflecting strong investor confidence in India and Southeast Asia healthcare
- Existing investors increased commitment amount by an average of 80%
- New capital raised from blue-chip global institutions, alongside a significant rise in Asian investor participation
HO CHI MINH CITY, Vietnam–(BUSINESS WIRE)–Quadria Capital, Asia’s premier healthcare-focused private equity firm, today announced the final close of its Fund III with US$1.07 billion in total commitments, significantly exceeding its original $800 million target.
The oversubscribed fundraise comprises over US$954 million in primary commitments and US$114 million in committed co-investment capital. An additional US$300 million co-investment capacity is anticipated over the course of the investment phase, bringing total committed capital to approximately US$1.3 billion upon full deployment.
This latest fundraise is around 60% larger than the firm’s previous $600m fund raised in 2020, cementing Quadria’s position as the largest dedicated healthcare private equity fund in South and Southeast Asia.
“Fund III’s close, amid one of the most demanding fundraising climates in recent memory, is a powerful validation of our strategy and our mission,” said Abrar Mir, Co-Founder and Managing Partner, Quadria Capital. “It reflects deep global investor conviction in the transformational opportunity in Asian Healthcare, where social impact and financial performance go hand in hand.”
Global Institutional Backing Across Continents
At a time when global capital is cautious, Quadria’s ability to consistently attract top-tier global investors underscores the strong conviction in its investment strategy and the undeniable opportunities in the Asian healthcare market.
Quadria Capital’s largest existing backers include prominent North American and European sovereign wealth funds, asset managers, and strategic corporates. The Fund also secured new commitments from globally recognized institutional investors. Most notably, there was strong backing from leading institutions across the GCC, including Saudi Arabia, the UAE, and Bahrain. The fundraise further attracted interest from India, with fresh capital from major banks, insurance companies, and family offices. Additionally, the Fund received robust re-up commitments from impact investors – underscoring Quadria’s continued dedication to scalable, high-impact healthcare businesses that deliver lifesaving care to underserved populations across Asia.
Positioned for Structural Growth in Vietnam’s $25 Billion Healthcare Market
“Vietnam is at a crucial juncture in healthcare, driven by rapid urbanisation, rising incomes, and increased demand for superior medical services,” said Ewan Davis, Partner at Quadria Capital. “Our approach combines deep local insights with globally proven best practices and significant capital resources to empower leading players in Vietnam’s Healthcare segment.”
Quadria’s commitment to Vietnam is evident through its established local office in Ho Chi Minh City, led by an experienced team of Vietnamese professionals. Quadria offers a distinctive approach that combines financial backing with structured, hands-on support for long-term strategic growth. Its investments in FV Hospital – one of the nation’s leading healthcare providers – resulted in major clinical improvements and substantial enhancements in patient outcomes. Likewise, Quadria’s support helped consolidate Con Cung’s position as a leading mother-and-baby retailer as a market leader, leveraging strategic improvements in governance, operational efficiency, and scalability.
“We believe Vietnam is entering a golden era of healthcare transformation,” said Janice Trinh, Country Head for Vietnam. “With rising patient expectations, a new wave of medical talent, and increasing openness to innovation, the foundations are in place for a modern, inclusive, and world-class healthcare system. Quadria is deeply committed to supporting this momentum—by partnering with national healthcare leaders, we are actively empowering a robust medical ecosystem that delivers better, more affordable care to all Vietnamese.”
About Quadria:
Founded in 2012, Quadria Capital is Asia’s premier healthcare investor managing over US$4 billion in assets across 27 investments in South and Southeast Asia including India, Vietnam, Indonesia, Malaysia and Singapore. Quadria Capital aims to create significant and sustainable shareholder value by partnering with exceptional healthcare businesses to enhance their impact and scale, while generating superior returns for investors.
For more information, please visit www.quadriacapital.com
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