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Amit Varma did various stints with Narayana Hrudayalaya and Fortis Healthcare as a doctor before shifting his career to focus on business aspects of healthcare. He worked in Religare as President of Healthcare division for four years before branching out on his own and starting a private equity fund Quadria Capital with Abrar Mir in 2012.

Earlier this year, the fund bought Milestone Religare, a 50:50 JV between financial services major Religare Enterprises and Mumbai-based Milestone Capital Advisors. This brought under its fold a rupee-denominated fund focused on healthcare and education sectors.

Recently, Quadria Capital announced first close of its second fund at $107 million and aim of doing a final close at $300 million. VCCircle caught up with Dr. Amit Varma in this rare interview to discuss with him what motivated him to go for this transition in his career, fund raising environment in the country right now and what is making LPs nervous to invest in sector specific funds like Quadria.

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