Dubai: TVM Capital Mena Ltd on Monday announced it has received the approval of the Dubai Financial Services Authority (DFSA) to start operating its first regional health care growth capital fund with subscriptions worth $40 million (Dh147 million) from founding investors, Saudi Health Investment Company (SHIC), the International Finance Corporation (IFC), and GE Healthcare.
TVM, the fund's operator, is based in the Dubai International Financial Centre (DIFC) and licensed and regulated by DFSA.
This is the first health care-dedicated fund in the region to be operated by a leading global health care and life science manager with a significant track record in the sector.
