TR Capital (India)
TR Capital is an Asia-Pacific secondary investor focused on acquiring direct company stakes and restructuring or purchasing interests in existing private-equity funds. Its India relevance is strongest in technology, consumer and healthcare where secondary liquidity can unlock value.
At a glance
- Founded
- 2008
- Footprint
- Hong Kong
- Stage
- Secondaries (direct + LP)
Research profile
Read the manager in sequence.
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
TR Capital (India) uses a secondaries (direct + lp) approach across Diversified.
Current evidence
TR Capital’s current milestone page records 2025 acquisitions of secondary stakes in MoEngage, Shadowfax and Whatfix from Eight Roads, a full exit from Source Photonics, partial and full exits from Lenskart, WeRide, RoboSense, Full Truck Alliance and NetEase Cloud Music, and a 2024 appointment of Yann Malka as Managing Director Investment and Head of Business. The India-specific allocation of its Asia-Pacific secondaries funds is not publicly disclosed.
Strategy
Secondaries (direct + LP)
Sector focus
Diversified
Current signal
TR Capital’s current milestone page records 2025 acquisitions of secondary stakes in MoEngage, Shadowfax and Whatfix from Eight Roads, a full exit from Source Photonics, partial and full exits from Lenskart, WeRide, RoboSense, Full Truck Alliance and NetEase Cloud Music, and a 2024 appointment of Yann Malka as Managing Director Investment and Head of Business. The India-specific allocation of its Asia-Pacific secondaries funds is not publicly disclosed.
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