PE investor Quadria Capital plans new $400-million health care fund

Quadria itself will focus on strategic initiatives and operational improvement in portfolio companies

Quadria Capital, a health care-focused Asian private equity investor, is targeting a new $400-million fund for the sector. Quadria completed a first close of $194 mn in March. The investments would be in this country and others in South and Southeast Asia. 

International Financial Corporation, the World Bank's investment arm, is proposing a limited partnership investment in the proposed fund, of up to $25 million. The fund will be registered in Singapore, as a limited partnership. 

The target is $400 million, with a hard cap of $500 million, say sources. The idea is equity to growth-stage companies in the segment.

Quadria itself will