TVM Capital Healthcare Partners has registered a new emerging markets-focused fund, TVM Healthcare III, which intends to raise $300m to invest in up to 12 healthcare companies in the MENA, India, and Southeast Asia.

Dr. Helmut M. Schuehsler, CEO of TVM Capital Healthcare Partners, said: “Urbanization and socio-economic development in emerging markets are resulting in rapidly increasing demand for high quality healthcare. There is a real opportunity for private companies to complement the public sector, by stepping up to supply specialist services.”

“Although recent emerging market volatility may make fundraising challenging, it also creates attractive investment opportunities, especially in defensive sectors such as healthcare that benefits from solid long-term fundamentals,” he said.

TVM Capital Healthcare has identified a number of highly attractive investment opportunities in all three regions and will continue to focus on growth capital investments, following the course charted by its first two funds.

Since 2010, TVM Capital Healthcare Partners has invested in five companies, including UAE acute, and ventilated care provider ProVita International Medical Center, which was sold to London-listed NMC Health in mid-2015.

TVM Capital Healthcare Partners has also invested in both a rehabilitation center and a home-care provider in the UAE, a medical devices manufacturer in Egypt and an IVF center operating in the Middle East and India.

The fund was registered under the Qualified Investor Fund regime (QIF) established by the Dubai International Financial Centre (DIFC).

Arif Amiri, CEO of DIFC Authority, said: “The registration of a second fund by TVM Capital Healthcare under DIFC’s Qualified Investor Fund regime reiterates our commitment to positioning DIFC and Dubai as an attractive fund domicile destination in line with our 2024 growth strategy.”

“With the rapid expansion of financial markets in our region as well as rising private wealth, there are clear indications to suggest that unique opportunities exist for a fund management hub to develop in this region. I am confident that the new fund will provide significant investment opportunities in the healthcare sector in the MENA, which is crucial in supporting innovation, transferring know-how and strengthening the excellence of healthcare in our region,” he added.