IFC proposes $34.72m funding for PE fund Quadria Capital

The healthcare-focused PE firm has a target fund size of $555.57m for its Fund II.

Healthcare-focused private equity (PE) fund Quadria Capital received a $34.72m (US$25m) limited partnership investment proposal from the World Bank’s investment arm International Finance Corporation (IFC), according to a disclosure.

Quadria Capital Fund II has a target fund size of $555.57m (US$400m) and a hard cap of $694.4m (US$500m).

According to the disclosure, 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 also reportedly make investments in companies focused on the provision of healthcare delivery, life sciences, medical technology, and associated healthcare services. Quadria Capital completed its first close of $269.45m (US$194m) in March.

According to the IFC, the proposal is currently pending approval with a projected board date set on 23 September.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia