India, June 20 -- image credit- freepik

Quadria Group backed HealthQuad, India's leading early-growth healthcare investor, has announced first close commitments of Rs 550 crore for HealthQuad Fund III, at more than one-third of the target fund size of Rs 1700 crore.

The contributors include existing LPs in prior funds, alongside new LPs spanning local and global fund of funds, institutions and family offices. The Fund has committed its first investment in Lifesigns, India's leading AI powered remote patient monitoring platform and is actively pursuing other proprietary opportunities to build early portfolio visibility.

Fund III, a successor to HealthQuad Fund I and Fund II, is managed by HealthQuad Advisors Private Limited, a vehicle 1...