The healthcare-focussed equity firm in Asia, Quadria Capital, invested in two firms in India during June. Founded in 2012 by Abrar Mir and Dr Amit Varma, Quadria Capital invests around 40 percent of capital in the Indian market while the remaining is for the Southeast Asian market. The fund manages assets of nearly $2.1 billion. In June, the fund completed an acquisition of a 15 percent stake in global topical drugs manufacturer Encube Ethicals Private Limited, for a total consideration of $119 million and it has invested $70 million in female hygiene company and India’s first senior diaper maker Nobel Hygiene.
“Currently, we are investing through our fund, which we raised last year of $600 million, and we have access to another $200 to $300 billion from our limited partners (LPs) as co-investment. By the end of this year, I would say we would be about 75 percent completely deployed from fund, and we would certainly start the plan and think around raising another fund after discussion with our LPs. I would say FY23 would be the appropriate time to raise the next fund,” says Dr Amit Varma, managing partner of the fund.