Singapore-headquartered private investment fund CBC Group has closed a $500m fundraise for its second R-Bridge Healthcare Fund, making it Asia’s largest healthcare-focused private credit fund, according to a report by Reuters.
The firm’s strategy emphasises non-dilutive financing and royalty-backed structures, offering downside protection and immediate cash flow.
The fundraising marks a 66.7% increase over its first fund, which raised $300m, and reflects a broadened investor base spanning sovereign wealth funds, pensions, financial institutions and family offices across the US, Europe, Asia and the Middle East.
CBC, which manages about $11bn in assets, will deploy the fund globally. Around half of the portfolio will focus on approved drugs, while the remainder will go into approved medical devices and diagnostics.
