Quadria Fund II (IFC-42179)

Regions
  • East Asia and Pacific
  • South Asia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 23, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Quadria Capital Fund II LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

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 Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Quadria Capital Investment Management Pte Ltd, Parent Company -
- - - - Quadria Fund II Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works