TVM Capital closes Healthcare Afiyah fund at $250m

The fund’s first investments include Baraya Extended Care, DEBx Medical, and the neurocare Group.

TVM Capital Healthcare has closed its Saudi Arabia-focused Afiyah Fund LP, its second capital pool in the Middle East, at approximately $250m.

The newly closed fund focuses on supporting the key medical priorities of Saudi’s “Vision 2030” and the Health Sector Transformation programme.

The fund’s first investments include the Riyadh-based Baraya Extended Care, DEBx Medical, and the neurocare Group from Munich.

Meanwhile, the firm anticipates mobilising up to $500m, including expected co-investments from its limited partner base, in Saudi Arabian healthcare companies and international groups with major expansion projects in the country.

“We have been investing in the GCC and Egypt for over 13 years, and more specifically, operating in Saudi since 2015 through our former portfolio companies, ProVita International Medical Centre and Cambridge International Medical Centre,” Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, said.

“We are truly excited about our ability to enhance the local and regional healthcare ecosystem at a much larger scale, helping to improve access to high-quality patient care, medical products, and treatment regimens across the Kingdom,” Schuehsler added.