ABD Invests $25 Cr In PE Firm Quadria Capital


The Asian Development Bank (ADB) has invested $ 25 million in Quadria Capital Fund III LP as an equity investment. ABD claims it is a step to support better quality, accessible and affordable healthcare in Southeast Asia and South Asia.

The Quadria Capital-managed fund has a target size of around $800 billion and is the private equity firm’s third fund. The PE firm is likely to invest in sectors such as health care services, pharmaceuticals and life sciences, medical devices and consumables, health technology, as well as consumer health care distribution and retail segments. Further, it aims to invest in early-stage healthcare entities. Its ticket size can be in the range of $70 and $200 million, and it may also fund some select early-stage healthcare entities.

In 2020, Quadria Capital closed its second fund at $595 million. Global asset managers, pension funds, sovereign wealth funds, insurance companies, healthcare corporations and development finance institutions across the US, Europe and Asia are among its limited partners (LPs).

This is ABD’s maiden investment in a healthcare fund managed by Quadria Capital. The PE firm was founded in 2012 by Abrar Mir and Amit Varma. Moreover, it has assets under management worth over $1.6 billion and investments in 18 companies across the Asia-pacific region. The PE firm continued investing in 2021 after remaining dormant during the pandemic.

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