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 How UK firms can revolutionise the GCC’s construction and sustainable infrastructure sector Arab Health 2025 to showcase region’s growing wearable medical devices market UAE launches basic health insurance for private sector workers, domestic staff Arab Health to mark 50th anniversary with landmark edition in Jan
