Home Industry Healthcare TVM Capital raises $250m for Saudi Arabia healthcare fund The Afiyah Fund raised the money from a group of Saudi Arabian, GCC and European investors, led by Jada Fund of Funds by Reuters May 28, 2024 Image credit: Rawlstock/ Getty Images Dubai- and Singapore-headquartered healthcare private equity firm TVM Capital Healthcare said on Tuesday it had raised around $250m for its fund that focuses on investing in Saudi Arabia’s healthcare sector. TVM Capital said, in a statement, that the Afiyah Fund raised the money from a group of Saudi Arabian, GCC and European investors, led by Jada, a Public Investment Fund’s fund of funds company. It added that the fund is expected to include co-investments from investors which it anticipated will mobilise a total of $400m to $500m in Saudi Arabian and international companies with expansion projects in the kingdom. TVM Capital said among the fund’s first investments are Riyadh-based post-acute care and rehabilitation clinics chain Baraya Extended Care, and Amsterdam-based wound care company DEBx Medical, which is expanding into Saudi Arabia. Read: PIF-backed Jada commits $266m in its first venture debt investment Tags Afiyah Fund Healthcare Jada Fund of Funds Saudi Arabia TVM Capital You might also like Saudi Arabia’s PIF to acquire 54% stake in MBC Group Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh UAE’s Julphar divests Zahrat Al Rawdah Pharmacies Will they or won’t they? Talk of Saudi cutting oil prices for Asia