Tata Capital Healthcare Fund II reports significant impact across healthcare investments

Tata Capital Healthcare Fund II (TCHF II) has announced that approximately 90 per cent of its Fund II corpus has been deployed across the healthcare and life sciences sectors. The investments span pharmaceuticals, healthcare delivery, and health-tech, focusing on addressing gaps in healthcare access and quality. TCHF has raised over USD 200 million across two fund vintages.

In FY24, TCHF II’s investments have yielded notable outcomes. Direct health beneficiaries increased to 1.7 million, reflecting an 18 per cent year-on-year growth. For every USD 1 million invested, 41 new jobs were created, contributing to a workforce of approximately 6,350 employees across nine portfolio companies, a 14 per cent year-on-year increase. Women employees now constitute 27 per cent of the TCHF portfolio workforce, marking a 30 per cent year-on-year rise.

TCHF II’s Environmental, Social, and Governance (ESG) & Impact Report 2024 highlights the fund’s efforts to integrate ESG considerations and measure tangible outcomes. The report outlines commitments, including creating at least 26 jobs for every USD 1 million invested and achieving double-digit growth in beneficiaries. The fund’s investments also aim to address India’s out-of-pocket healthcare expenditure by enhancing access to affordable, high-quality healthcare.

During FY24, TCHF portfolio companies operated 300 healthcare facilities and delivered over 160 million products and services, addressing critical needs in the sector.

Commenting on the report, Visalakshi Chandramouli, Managing Partner at Tata Capital Healthcare Fund II, said, “TCHF II continues to be a catalyst for meaningful change, addressing India’s critical healthcare needs. With a steadfast commitment to measurable impact, we work with portfolio companies to improve their ESG performance, integrate sustainable practices, and enhance operational efficiencies. These milestones reflect TCHF’s unwavering commitment to building a healthier, more inclusive, and sustainable future through its portfolio network.”