TVM Capital Healthcare launches $250 million Saudi-focused Afiyah Fund

TVM Capital Healthcare launches $250 million Saudi-focused Afiyah Fund

UAE-based healthcare private equity firm “TVM Capital Healthcare” has closed a $250 million Afiyah Fund LP, led by JADA, PIF’s Fund of Funds Company, along with a group of Saudi, GCC and European investors.

The Afiyah Fund aims to support domestic healthtech startups, and international ones entering the market, with a focus on the key medical priorities of Saudi’s Vision 2030.

The fund has previously invested in companies such as Baraya Extended Care, DEBx Medical, neurocare Group and others.

With the anticpated co-investment offers from its LP base, TVM Capital plans to mobilise $400–500 million in the Saudi Arabian healthcare sector.

Press release:

TVM Capital Healthcare, an international healthcare expansion and growth capital investor, today announced the closing of the TVM Healthcare Afiyah Fund LP at approximately $250 million, its second pool of capital in the Middle East.  

TVM Capital Healthcare has operated in the Middle East since 2009 and Southeast Asia since 2021. The new fund builds on the firm’s past success investing in the region, providing highly attractive returns and demonstrating its ability to originate deals and develop successful, sustainable companies with excellent growth prospects and strong management teams. 

TVM Capital Healthcare identifies unmet healthcare needs and invests in entrepreneurial companies that create lasting impact