Quadria Fund II (IFC-42179)

Regions
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 23, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Quadria Capital Fund II LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 9, 2019

Disclosed by Bank Aug 23, 2019


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Project Description

According to the project document, the project seeks to fund Quadria Capital Fund II L.P. (“Quadria Fund II” or the “Fund”), which is a private equity fund dedicated to investments in the healthcare sector in South and Southeast Asia. The target Fund size is US$400 million (with a hard cap of US$500 million).

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 make investments in companies focused on the provision of healthcare delivery, life sciences, medical technology, and associated healthcare services. The Fund will be registered in the Singapore Islands as a limited partnership. The Fund completed its first close of US$194 million in March 2019.

Quadria Capital Investment Management Pte Ltd, the investment manager, is located in Singapore, and Quadria Capital Advisors Pvt Ltd, the investment advisor, is located in Delhi, India. The Fund’s investment and management team is located in those two locations. The Fund plans to invest across a number of developing countries in both South Asia and Southeast Asia, with an approximately even distribution across the two regions. Its current deal pipeline includes potential projects in both South and Southeast Asia.

Investment Description
  • International Finance Corporation (IFC)

Quadria is targeted at US$400 million (hard cap of US$500 million) in total commitments by the final close. IFC is proposing a limited partnership investment of up to US$25 million in the Fund.

Private Actors

Quadria Capital Fund II GP is the general partner, Quadria Capital Investment Management Pte Ltd is the investment manager, and Quadria Capital Advisors Pvt Ltd is the investment advisor. The Managing Partners are Mr. Abrar Mir and Dr. Amit Varma who are also the shareholders of Quadria Capital Fund II GP. In addition, the Fund has four operating partners and nine other investment professionals.

Contact Information

1/ The Project Contact

Quadria Capital Investment Management Pte Ltd 
Mr. Abrar Mir 
Managing Partner 
+6568059699 
abrar.mir@quadriacapital.com 
11-A, Stanley Street, Singapore 068730 
https://www.quadriacapital.com

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

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