Unlike most private equity General Partners (GP), Amit Varma doesn’t mince words when he insists that private equity is a simple business. That may not explain how he exceeds his own estimates every time he sets out to raise a fund but it surely allows his growth equity fund, Quadria Capital, to punch above its weight.
When we first spoke in December, Varma, a trained medical doctor, was in Dubai closing a deal. He wouldn’t disclose much, except that it was in the postoperative rehab space. In 2020, Varma and his co-founder and managing partner Abrar Mir closed a US$600 million fund.