MANILA, PHILIPPINES (17 January 2023) The Asian Development Bank (ADB) signed a $25 million equity investment with Quadria Capital Fund III LP (Quadria III) to enhance the quality, accessibility, and affordability of health care in Southeast Asia and South Asia by supporting the growth of health care companies in these regions.
GCP SEA Fund I aims to make 8-12 equity investments in middle-market companies of between $50 million and $125 million each, and up to $250 million for larger transactions requiring co-investment capital.
ADB has signed an equity investment of up to $30 million in Growtheum Capital Partners SEA Fund I LP to provide equity capital to socially responsible, middle-market Southeast Asian companies.
ADB signed a $60 million equity investment in OrbiMed, a private equity fund managed by OrbiMed Advisors LLC (OrbiMed), to further enhance health care quality and coverage in India and the PRC.