Dubai and Singapore-headquartered TVM Capital Healthcare has received a capital commitment from Invest International, a Dutch investment firm, for its latest Southeast Asia-focused private equity fund.
TVM Healthcare SEA Fund targets growth capital investment for healthcare assets in the region to address the needs of underserved markets, patients, and communities to deliver impact contribution and sustainable returns.
The investment from Investment International will also drive expansion of Dutch businesses to Southeast Asia, said TVM in a social media post.
“Investing in TVM means supporting a proven funds manager, actively involved in expanding Dutch businesses and Dutch solutions into Southeast Asia,” said Invest International in its LinkedIn post.
In 2022, DealStreetAsia reported that TVM was in the market to raise its first fund targeting non-hospital assets in Southeast Asia with a target of $200 million. The firm invests in healthcare services, pharmaceuticals, and medical equipment across its funds.
Among the private equity funds targeting the healthcare industry in Southeast Asia are Quadria Capital and Everstone Group as well as the UAE’s Gulf Capital and European asset manager EQT. Quardria had raised approximately $500 million in the first close of its third fund with commitment from the likes of DEG, DealStreetAsia reported in October.
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