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India's Tier II & III Healthcare Gets $288 Million Boost
23 Mar
Summary
- Somerset Indus Capital Partners successfully raised $288 million.
- The fund will target investments in affordable healthcare sectors.
- Focus remains on improving healthcare access in smaller Indian cities.
Somerset Indus Capital Partners, a private equity firm specializing in healthcare, has successfully raised $288 million through its third fund. This significant capital will be deployed to support businesses focused on delivering affordable care throughout India. The investment strategy is designed to enhance access to healthcare services, pharmaceuticals, medical devices, and related sectors, with a keen eye on underserved Tier II and Tier III markets.
The fund's investors represent a diverse group, including institutional entities, insurance companies, family offices, and impact investors from Europe, the U.S., and South-East Asia. Somerset typically makes investments ranging from $15 million to $40 million per company. This latest fundraise underscores a commitment to expanding healthcare accessibility and quality in regions that have historically faced greater challenges in obtaining comprehensive medical services.
