Singapore’s Quadria gets $150 mln commitment from U.S. OPIC

Singapore-based healthcare-focused private equity firm Quadria has received a $150 million commitment from Overseas Private Investment Corporation (OPIC), the development finance arm of the U.S. government, for its latest fund, Quadria Capital Fund II.

The fund, which aims to raise up to $700 million, will invest in all aspects of the healthcare value chain in Asia, including hospitals and other treatment facilities, medical laboratories, and manufacturers of medical devices and equipment.

The company said that OPIC’s support for these projects will mobilize private investment through a model that is financially sustainable, promotes American best standards and protects local communities and workers.

In 2015, Quadria had raised $300 million for its fund I.