New Delhi: Tata Capital Healthcare Fund II (TCHF II), sponsored by Tata Capital Limited, has announced the Final Close of its fund with Investor commitments of INR 955 Crores (~US$126 million), meeting its target AUM of INR 950 crores (excluding green-shoe). This was a follow-up to the Tata Capital Healthcare Fund I which had raised INR 411 Crore (~US$70 million) in 2012.
TCHF II has received commitments from domestic and international financial and strategic institutions including some of the global pharma, medical equipment companies, development financial institutions and large European Institutions indicating their support for the TCHF investment strategy. TCHF II is also privileged to receive commitment from the ‘Self Reliant India (SRI)’ Fund of the Government of India under the Ministry of Micro, Small and Medium Enterprises.
Visalakshi Chandramouli, Managing Partner of TCHF articulating the Fund’s investment strategy said, “TCHF II will seek to achieve returns by principally taking equity positions in healthcare and life sciences related companies having significant business exposure to India. The investment strategy of TCHF II is predicated on the following two themes:
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Domestic Healthcare and Life Sciences Consumption: Focused on the Indian consumption story in healthcare and life sciences related businesses. It is estimated that 60% of TCHF II’s investments will cater to this theme.
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Healthcare and Life Sciences Competency: Focused on leveraging India’s expertise in the healthcare and life sciences sectors to deliver products / services to the world markets. It is estimated that 40% of TCHF II’s investments will cater to this theme.
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