Quadria Group Launches HealthQuad Fund III with $300 Mn Corpus
With the launch of Fund III, Quadria aims to expand its role as an integrated healthcare investment platform, supporting ventures across the value chain.
Quadria Group, a healthcare-focused private equity platform, has announced the launch of HealthQuad Fund III with a proposed corpus of $300 million, comprising a $200 million target and a $100 million greenshoe option.
The new fund builds on the success of HealthQuad Funds I and II, both of which backed over 18 healthcare companies, including Qure.ai, Medikabazaar, THB, Wysa, Ekincare, Redcliffe Labs, GoApptiv, and Strand Life Sciences. These funds focused on tech-enabled, early-growth healthcare models to enhance access, affordability, and quality of care in India.
With the launch of Fund III, Quadria aims to expand its role as an integrated healthcare investment platform, supporting ventures across the value chain. Dr. Amit Varma, Abrar Mir, and Sunil Thakur will now fully control HealthQuad after its separation from KOIS. Many existing investment and committee teams will continue managing current portfolio companies.
The fund intends to tap into global and domestic institutional investor networks to support healthcare investments at scale.
Earlier, Quadria had closed Quadria Capital Fund III at $1.07 billion, with support from leading global institutions. The firm, founded in 2012, currently manages over $4 billion in assets across 27 healthcare investments in India, Vietnam, Indonesia, Malaysia, and Singapore.
