Singapore and India-based private equity firm Quadria Capital announced the first close of Quadria Capital Fund with capital commitments of USD 107 million. This is Quadria Capital's second fund. It would make investments in healthcare companies in South and Southeast Asia focusing on four subsectors in the healthcare industry. These are healthcare delivery, medical technology, lifesciences and associated healthcare services. The second fund would make investments in scalable and high quality mid-sized firms in the region.

A spokesman for Quadria Capital said the fund would continue to raise funds until the final closing date. No final target for the fundraising was disclosed.

Managing Partner of Quadria Capital Dr. Amit Varma said, "We are very grateful to attract commitments by several high quality institutions with deep healthcare experience, including Development Finance Institutions, investment institutions, leading corporate investors, and family offices globally. We believe their support is a testament to a focused strategy and a team with deep healthcare experience ready to execute."