Asian Healthcare Fund (AHF) was floated in 2010 by Dabur Group chairman Dr Anand Burman and former Dabur Pharma CEO Ajay Kumar Vij to invest in healthcare and life sciences sectors in the country. The fund raised Rs 180 crore for the first close of its maiden fund towards the end of 2011.
The PE firm made two investments in 2013. Its first investment was a commitment of Rs 40 crore in Mumbai-based Total Dental Care Pvt Ltd; this was made in April. The second investment of close to around Rs 23 crore was made in June in Wellspring Healthcare Pvt Ltd which runs primary health clinics. AHF is planning to mark the final close of its maiden fund which has a corpus of around $38 million and is going to kick off the process to raise its second fund soon.
In an exclusive video interview with VCCircle, Ajay Kumar Vij, CEO of AHF, shares his investment strategy and talks about sectors within healthcare which would elicit high investor attention and why investors may find it challenging to find good exits in the sector in the future. Watch the for more.