TVM Capital Launches $250 Million Saudi-Focused Afiyah Fund
TVM Capital Healthcare operates offices across Riyadh, Dubai, Singapore, and Ho Chi Minh City.
UAE-based healthcare private equity firm TVM Capital Healthcare has unveiled the Saudi-based TVM Healthcare Afiyah Fund LP, securing approximately $250 million led by JADA, Public Investment Fund's (PIF) of Funds, along with a group of Saudi, GCC, and European investors.[1]
This marks the firm's second pool of capital in the Middle East.
Established in 2007, TVM Capital Healthcare has been expanding in the Middle East since 2009 and in Southeast Asia since 2021.
The fund's investment strategy focuses on supporting entrepreneurial ventures that create lasting impact within local communities. Among its initial investments are healthcare entities such as Baraya Extended Care, DEBx Medical, and Neurocare Group. These initiatives are aimed at advancing long-term, post-acute care, chronic wound treatment, and mental health services in the kingdom.
TVM Capital Healthcare operates offices across Riyadh, Dubai, Singapore, and Ho Chi Minh City.
Afiyah Fund aims to accelerate the growth of domestic healthtech startups and facilitate the entry of international players into the Saudi market. With co-investment opportunities from its LP, TVM Capital plans to mobilize $400–500 million to enhance healthcare access.