PIF unit leads fundraising for Saudi healthcare fund

PIF unit leads fundraising for Saudi healthcare fund

Jada Fund of Funds, wholly owned by the Public Investment Fund, has led the SAR920 million ($250 million) fundraising round in a fund which aims to invest in major healthcare companies in Saudi Arabia. Other investors in the TVM Healthcare Afiyah Fund were from Saudi Arabia, the GCC and Europe, and TVM Capital Healthcare, a […]

Jada Fund of Funds in $250m drive

Investors from GCC and Europe

DEBx, Neurocare among investments

Jada Fund of Funds, wholly owned by the Public Investment Fund, has led the SAR920 million ($250 million) fundraising round in a fund which aims to invest in major healthcare companies in Saudi Arabia.

Other investors in the TVM Healthcare Afiyah Fund were from Saudi Arabia, the GCC and Europe, and TVM Capital Healthcare, a private equity firm headquartered in Dubai and Singapore.

The fund’s initial investments include Baraya Extended Care, a Riyadh-based chain of post-acute care and rehabilitation clinics; DEBx Medical, an Amsterdam-based developer and manufacturer of products for the treatment of chronic wounds; and Neurocare Group, a Munich-based provider of mental health services and products.

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DEBx Medical and Neurocare Group are poised to enter the Saudi and GCC markets.

Additional investment areas include longevity and