#Singapore #Southeast Asia #Healthcare Fund #TVM Capital

TVM Capital Healthcare Launches Southeast Asia Fund

In a significant development for the healthcare landscape, TVM Capital Healthcare has recently announced the first closing of its USD 150 million TVM Healthcare Southeast Asia Fund, also known as the SEA Fund. This initiative marks an essential milestone in supporting healthcare advancement in Southeast Asia, an underserved region in various healthcare sectors.

Background on TVM Capital Healthcare

TVM Capital Healthcare is recognized as a pivotal player within the global private equity scene, particularly specializing in healthcare growth capital in emerging markets. With nearly four decades of experience in healthcare investments, including over 15 years in the dynamic markets of the Middle East and Southeast Asia, TVM has developed a strong track record in nurturing and scaling healthcare companies. Their strategy focuses on creating innovative care models and specialty care providers that outperform traditional healthcare delivery methods.

The SEA Fund's Focus

The SEA Fund is designed to address various critical segments within the Southeast Asian healthcare market that are characterized by high demand but limited supply. Key focus areas include:

• - Post-acute and rehabilitation services: These services are essential for patients recovering from severe health events or surgeries.
• - Women's health: Addressing the unique healthcare needs of women, an area that frequently lacks adequate resources.
• - Diabetic and oncology care: These growing health concerns require specialized facilities and interventions.
• - Local manufacturing of essential pharmaceuticals: Ensuring that vital medications are available in the region while supporting local economies.

Investor Commitment

The fund has attracted commitments from a variety of prominent institutional investors, including a cornerstone investment from Invest International, which is associated with the Dutch government. This partnership aims to foster sustainable economic growth, making a positive social and environmental impact in the region. The commitment from Invest International reflects a shared goal of developing resilient health systems that not only fulfill immediate needs but contribute to a sustainable healthcare infrastructure in Southeast Asia.

Strategic Investments and Innovations

Beyond solely scaling local healthcare facilities, TVM Capital Healthcare is also committed to collaborating with and investing in healthcare innovators from the US and Europe. This strategy involves facilitating their entrance into Southeast Asian markets and forging cross-border partnerships with reputable institutions, such as US-based Harvard-affiliated hospitals and top European medical technology firms. These collaborations aim to introduce advanced medical technologies and proven models of care, enhancing local healthcare systems.

By leveraging operational partnerships, global accreditations, and a robust governance framework, TVM enables healthcare companies to achieve best-in-class status. This model not only accelerates growth but also pushes emerging market healthcare systems toward elevated care standards.

Signature Insight from Company Leaders

Hoda Abou-Jamra, Co-Founder and Managing Partner of Southeast Asia, expressed the significance of this fund, stating, "This first close marks an important step in supporting Southeast Asia's healthcare ecosystem and entrepreneurs. By combining capital with operational expertise and introducing proven healthcare models from around the world, we are helping create companies that can lead nationally and regionally, improving access to quality care and contributing to sustainable healthcare systems."

In a similar vein, Jannie Tsuei, a Partner at TVM, highlighted the unique opportunities within Southeast Asia's healthcare sector, particularly in specialty care and medical manufacturing. "With our investment strategy that combines local growth with international expansion, we can help companies scale into institutional-quality leaders delivering impactful healthcare outcomes," she noted.

Emphasis on Economic Resilience

Eelco Benink, Head of Equity at Invest International, emphasized the importance of robust healthcare systems in ensuring economic resilience, stating, "Robust and equitable health care systems ensure that economies can become and remain resilient. Invest International is proud to anchor TVM Capital Healthcare's SEA Fund. Its strategy — delivering accessible, quality healthcare while ensuring strong ESG performance — aligns with our mission to create sustainable impact by linking local companies to global solutions. Together, we will help build healthcare infrastructure that benefits patients and supports long-term development."

Conclusion

The launch of the TVM Healthcare Southeast Asia Fund underlines the growing recognition of the need for improved healthcare systems in the region. By targeting neglected sectors and leveraging international expertise, TVM Capital Healthcare aims to create lasting improvements in healthcare access and quality, which resonate well with both social and economic goals. As they proceed with this ambitious project, the outcomes will likely have a profound impact on the health and wellbeing of communities across Southeast Asia.