SINGAPORE -- Sinopharm Capital will launch a $150 million investment fund to tap into the growing Southeast Asian healthcare market. The private equity arm of state-owned pharmaceutical giant China National Pharmaceutical Group, Sinopharm Capital will partner with Singapore's Novena Global Lifecare and Chinese private equity firm Cedarlake Capital in the hunt for acquisitions mostly in areas such as ophthalmology and renal care -- as well as new drugs and biomedical projects.