As funding for healthcare from USAID and other foreign assistance programmes has declined, HealthCap Africa has called for a stronger domestic capital ecosystem to help finance Africa’s critical healthcare needs.
According to a release from the organisation, the call was made at its private markets & healthcare roundtable with the theme “Healthcare as an Asset Class”, held in Lagos recently.
Speaking at the event, HealthCap Africa founder and General Partner Dr Ola Brown highlighted Quadria Capital’s healthcare-focused investment platform in India and its scale as an example of what sustained private investment can build.
“Quadria Capital is one of the largest VC funds in Asia focused on healthcare. They have raised over $1bn and have an AUM of over $4bn. As you know, many Nigerians go to India for healthcare. Now imagine how much private capital has gone into building their healthcare sector,” she noted.
She explained that the investment
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