This is an excerpt translated from the original article of The Economic Times.
Healthquad, a home grown healthcare venture fund is likely to approach Sebi to increase the green-shoe option of its second fund by Rs 200 crore. The company has announced the closure of its second fund with a commitment of Rs 514 crores, achieving 93% of the target fund size of Rs 550 crores.
“We will exercise the green-show option and are also planning to approach the Indian regulator for increasing it (green-shoe) to Rs 900 crore due to overwhelming response,” said Charles Antoine Janssen, c0-founder & CIO HealthQuad. We are looking at closing the fund by December end, much before the one-year window from first closure that will end in June 2021, he added.
HealthQuad had raised Rs 75 crore in 2016 under its first fund and invested Rs 250 crore along with its investors in the seven Indian companies like Medika Bazar, Regency Hospital and others. KOIS and Quadria Capital are the sponsor of the firm. KOIS is one of the global pioneers in impact investing and innovative finance and founders of Quadria Capital that is one of Asia’s leading healthcare focused private equity fund.