HealthQuad, the healthcare-focused investment platform backed by Quadria Group, has secured first-close commitments of Rs 550 crore for its third fund, HealthQuad Fund III, crossing one-third of its target corpus of Rs 1,700 crore.
The commitments come from a mix of existing limited partners from earlier funds as well as new investors, including domestic and international fund-of-funds, institutions, and family offices.
HealthQuad is one of India’s best-known early-growth healthcare investors, while Quadria Group is among Asia’s largest healthcare-focused investment platforms, managing investments across South and Southeast Asia.
The new fund is expected to back technology-enabled healthcare businesses that have already achieved commercial traction and are positioned for large-scale growth.
The fund has already made its first commitment to Lifesigns, an artificial intelligence-powered remote patient monitoring company.
