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Alternative Market Briefing

GrowthCurve Capital wraps up debut fund at $1.4bn

Thursday, June 15, 2023

Laxman Pai, Opalesque Asia:

New York City-headquartered private equity firm GrowthCurve Capital raised $1.4 billion for its inaugural fund with a focus on businesses at the intersection of AI, digital transformation, and human capital.

According to a media release from the PE firm led by Goldman Sachs Merchant Banking (GSMB) alum Sumit Rajpal, GrowthCurve Capital Partners I's investor base includes a diverse range of leading institutional investors, including pension funds, insurance companies, family offices, and other strategic partners.

GrowthCurve was launched in 2021 by Sumit, former Global Co-Head of the GSMB division, along with a diverse team of investment professionals and functional executives to focus on data-rich, control-oriented private equity investments in middle market companies, primarily across the technology and information services, healthcare, and financial services sectors, the release added.

"In our view, our control-oriented investing strategy is particularly well-positioned in this environment of rapidly evolving technological innovation. We believe GrowthCurve's approach is well-suited to empowering our portfolio companies to drive growth by unlocking the value of their data," said Sumit Rajpal, CEO and Founder of GrowthCurve.

"Combining the right technologies and tools across the AI technology stack, along with comprehensive investments in talent, are key to achieving our mission of building focused and sustainable growth in o......................

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