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DIFC Welcomes New Qualified Investor Fund

by Lorys Charalambous, Lowtax.net, Cyprus
26 February, 2016

Specialist private equity firm TVM Capital Healthcare Partners has registered a new emerging markets-focused fund under the Dubai International Financial Centre's (DIFC's) recently established Qualified Investor Fund (QIF) regime.

The fund, TVM Healthcare III, intends to raise USD300m to invest in up to 12 healthcare companies in the Middle East and North Africa, India, and Southeast Asia.

The QIF fund regime was introduced recently to expand the DIFC's role in the asset management space. Arif Amiri, the CEO of DIFC Authority, said: "The registration of a second fund by TVM Capital Healthcare under DIFC's Qualified Investor Fund regime reiterates our commitment to positioning DIFC and Dubai as an attractive fund domicile destination in line with our 2024 growth strategy."

"With the rapid expansion of financial markets in our region as well as rising private wealth, there are clear indications to suggest that unique opportunities exist for a fund management hub to develop in this region. I am confident that the new fund will provide significant investment opportunities in the healthcare sector in the MENA, which is crucial in supporting innovation, transferring know-how and strengthening the excellence of healthcare in our region."

The DIFC offers firms zero percent income tax guaranteed for 50 years, 100 percent foreign ownership, no exchange controls, and a legal system based on English common law.

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