August Global Partners Closes $150 Million Healthcare Fund, Exceeding Initial Target

August Global Partners (AGP) has successfully closed its second fund, the AGP Healthcare Fund (AGPHC), at $150 million, which is more than the $100 million it was aiming for. Sources told The Edge Singapore that the original goal for raising money was much lower. This shows that there is a lot of interest from investors in healthcare-related opportunities.
Healthcare Fund
The fund manager, which is based in Singapore and split off from EDBI in November 2023, got commitments from a wide range of limited partners in Asia, Europe, and North America, including financial, institutional, and strategic ones. The Economic Development Board of Singapore runs EDBI, which is its venture capital arm.

AGP Healthcare Fund now has $350 million in total assets, including its first vehicle, the AGPContinuation Growth Fund (AGPCG), thanks to the addition of AGPHC. The earlier fund supports the growth of high-potential companies in fields like healthcare and deep technology by helping them enter new markets in their own regions and around the world.

Focus on Healthcare Areas with High Growth

AGP Healthcare Fund is committed to putting money into fast-growing fields like Healthcare Fund , advanced manufacturing, digital health, and precision medicine. AGP says that the new fund has already started putting money into a portfolio of high-impact companies and is giving investors distribution to paid-in capital (DPI) even before the fund closes.

AGPHC has made more than three investments so far, including in Gene Solutions and Ultragreen.AI. The latter recently sent its preliminary prospectus to the Monetary Authority of Singapore (MAS) for a possible listing on the Singapore Exchange (SGX) Mainboard. This shows that AGP's portfolio companies are doing very well.

AGP's leaders say the company will keep finding and supporting businesses that set the standard in healthcare and innovation. This will help Singapore reach its goal of becoming a global hub for next-generation technologies.

Also Read :- World Care Magazine for more information