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IFC invests $25m in Quadria Capital’s healthcare fund

  • Alvina Yuen
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International Finance Corporation (IFC), the private investment arm of the World Bank, is planning to invest $25 million into Quadria Capital’s $300 million private equity fund. The vehicle focuses primarily on healthcare sector assets across South and Southeast Asia.

Quadria is led by healthcare industry veteran Amit Verma and Abrar Mir, founder and managing partner for NBD Sana Capital, a Sharia-compliant PE firm in the Middle East. Religare Global Asset Management, a unit of Delhi-based financial services group Religare Enterprises, is an anchor investor, committing $15-30 million.

The fund will provide growth capital to small- and medium-sized companies across healthcare delivery, life sciences, medical technology, and associated healthcare services.

"An investment by IFC could be a demonstration of successful private equity investing in healthcare in emerging markets countries," IFC said in a disclosure. "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."

The fund will likely be registered in the Cayman Islands as an exempted limited partnership. Quadria expects to have its first close in 2013.

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