HomeSaudi ArabiaTVM Capital Healthcare Closes Saudi Arabia-Focused TVM Healthcare Afiyah Fund 

TVM Capital Healthcare Closes Saudi Arabia-Focused TVM Healthcare Afiyah Fund 

TVM Capital Healthcare

TVM Capital Healthcare, an international healthcare expansion and growth capital investor, closed the TVM Healthcare Afiyah Fund LP, at approximately USD 250M.

The amount was raised from a group of Saudi, GCC and European investors, led by JADA, PIF’s Fund of Funds Company.

The Afiyah Fund focuses on supporting the key medical priorities of Saudi’s Vision 2030 and the Health Sector Transformation Program. Including expected co-investments from its limited partner base, the firm anticipates mobilizing a total of USD 400-500M in Saudi Arabian healthcare companies and international companies with major expansion projects in the Kingdom.

The first investments of the fund included:

  • Baraya Extended Care, a Riyadh-based chain of long-term, post-acute care and rehabilitation clinics
  • DEBx Medical, an Amsterdam-based developer and manufacturer of products for the treatment of chronic wounds that is about to enter the Saudi market
  • neurocare Group, a Munich-based innovator in personalized mental health services and products, with clinics in the U.S., the Netherlands, and Australia, that is preparing to enter Saudi and the GCC

TVM Capital Healthcare has operated in the Middle East since 2009 and Southeast Asia since 2021.

Led by CEO Dr. Helmut M. Schuehsler, TVM Capital Healthcare is an emerging markets-focused healthcare private equity firm. It invests expansion and growth capital in healthcare companies to improve local access to quality care and provide local sources of medical products in the pharma, medical device and diagnostics sectors. The firm also invests in healthcare growth deals in Europe and the U.S. to support these companies’ expansion plans for Saudi Arabia and the wider GCC.

TVM Capital Healthcare has offices in Riyadh, Dubai, Singapore and Ho Chi Minh City and supporting offices in Munich and Boston.

VCWire

28/05/2024