TR Capital seeks to generate returns via 3 types of investments:
- Secondary Directs: direct investments in companies acquired from PE or other sponsor owners
- Fund Restructurings: acquisition of remaining assets of funds which wish to restructure
- Secondary acquisitions of LP positions at attractive discounts to their intrinsic value
Pan-Asian scope of investment: China, India and South East Asia.
Focus on 4 sectors: technology, consumer, healthcare and financial services.
TR Capital invests between USD 5 and 100 million per transaction.
TR Capital is an active owner. TR Capital's team invests a significant amount of time, along with its capital, to provide portfolio companies with leadership and guidance to build better business models and capital structures. The team serves as a hands-on resource to optimize opportunities, set goals and establish metrics that result in transparent and measurable progress.
DPI-focused: returning cash to investors is a priority and forms the core of TR Capital's investment philosophy.
10,000 mid-market companies received funding from PE and VC funds in China and India between 2000 and 2018. Over 3,000 Asian-focused funds were raised during the same period. Private equity
has delivered attractive but largely unrealised returns in Asia. New
regulations and restructurings will continue to force institutional investors to rebalance
their portfolios. There are only a handful of dedicated players that focus on
secondaries in the Asia-Pacific region.