Quadria Capital has officially become a signatory to the International Finance Corporation’s Operating Principles for Impact Management. Meanwhile, Japan-based tech firm REAZON has established an investment subsidiary to target the Japan and Southeast Asia markets.
Quadria Capital joins 183 other signatories to IFC’s impact principles
Quadria Capital, one of Asia’s largest healthcare-focused private equity firms, has officially become a signatory to the Operating Principles for Impact Management (Impact Principles), joining 183 other signatories, according to an announcement.
Impact Principles, developed by World Bank Group member International Finance Corporation (IFC) in collaboration with other asset managers and owners, establishes a common discipline around the management of investments for impact.
Aside from asset owners and managers, signatories to Impact Principles include banks and other financial institutions with over $516 billion of assets under management.
Quadria Capital is also a signatory to the United Nations-supported Principles for Responsible Investment (PRI).
“Adopting the Impact Principles yet again reinforces our commitment to investing in meaningful and sustainable businesses to address pressing healthcare challenges in our region,” said Abrar Mir, co-founder and managing partner at Quadria Capital.
Last October, Quadria Capital announced securing approximately $500 million in the first close of its third fund that will continue to invest in large, scalable, market-leading businesses in South and Southeast Asia.
The Singapore-headquartered private equity firm, with an establishment in India, had closed its second fund at $595 million in 2020 and its first fund at $300 million in 2014.
REAZON Capital to have sharp focus on Vietnam
Japanese tech company REAZON Holdings has launched REAZON Capital, an investment division using its own funds to invest in Japan and Southeast Asia.
REAZON Capital will have a specific focus on Vietnam. It will provide capital to pre-Series A companies in the entertainment/IP and deeptech domain.
REAZON said it has invested in startups since 2021 and has accelerated its investment activities in over 10 businesses in Japan and Southeast Asia. The firm has already exited one company through an M&A, REAZON said in a statement.
Establishing REAZON Capital is expected to contribute to REAZON’s long-term growth as the firm bets on minority investments in startups.
“In order to promote investments overseas, REAZON Capital has established bases in Singapore and Vietnam, in addition to Japan. We will consider further expansion of our network of locations based on investment opportunities,” it said.
It has recently invested in Validus Vietnam, a subsidiary of Singapore-headquartered SME lending platform Validus.