TVM Capital Healthcare announces first close of US$150 million South-east Asia Fund

The new fund will focus on healthcare segments where market demand is high but supply is limited

TVM Capital Healthcare, a private equity firm, has made the first close of its US$150 million TVM Healthcare South-east Asia Fund.

Invest International – founded by the Dutch government and FMO bank – is among the investors in the fund. It provides financing to drive sustainable economic growth, and positive social and environmental impact.

“Robust and equitable health care systems ensure that economies can become and remain resilient,” said Eelco Benink, head of equity at Invest International.

The new fund will focus on healthcare segments where market demand is high but supply is limited, including women’s health, diabetic and oncology care, and local manufacturing of pharmaceuticals.

“We see a unique opportunity in South-east Asia’s healthcare sector, particularly in speciality care and medical manufacturing,” said Jannie Tsuei, partner, TVM Capital Healthcare.

This fund is also the third of TVM Capital Healthcare’s fund, and will tap the firm’s 40 years of experience. The private equity firm has scaled local speciality care clinics to national and regional leaders, as well as strategically investing and directing healthcare providers in the US and Europe to expand into South-east Asia.

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“By combining capital with operational expertise and introducing proven healthcare models from around the world, we are helping to create companies that can lead nationally and regionally, improve access to quality care, and contribute to building sustainable healthcare systems,” said Hoda Abou-Jamra, co-founder and managing partner of South-east Asia, TVM Capital Healthcare.