GrowthCurve Capital Closes Inaugural Fund and Raises $1.4 Billion of Capital Commitments
GrowthCurve Capital announced the successful final close of its inaugural private equity fund with total capital commitments of $1.4 billion for the Fund and related vehicles.
NEW YORK – June 13, 2023 – GrowthCurve Capital (“GrowthCurve”), a private equity firm with a distinctive approach to building businesses and accelerating growth through AI, digital transformation, and human capital, announced the successful final close of its inaugural private equity fund, GrowthCurve Capital Partners I (the “Fund”) with total capital commitments of $1.4 billion for the Fund and related co-investment vehicles. The Fund’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 Rajpal, former Global Co-Head of the Goldman Sachs Merchant Banking 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. Today, GrowthCurve has over 25 professionals, in addition to an accomplished strategic advisory board with deep industry experience.
“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. 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 our companies.” said Sumit Rajpal, CEO and Founder of GrowthCurve.
“It is a real honor to have received such strong support from a respected group of limited partners who believe in our differentiated strategy and the strength of our team. This is just the beginning of our journey, and we look forward to delivering on the trust and confidence our investors have placed in us,” said Susan Soh, Chief of Capital Formation and Investor Relations at GrowthCurve.
The Fund has invested approximately 50% of its capital commitments across four investments to date. The investments include Mistplay, a leading game discovery and loyalty platform for mobile games; Brightway Insurance, a leading personal lines focused insurance franchisor; Revecore, a leading provider of revenue integrity and complex claims solutions for health systems; and Netchex, a leading provider of cloud-based human capital management software solutions.
“I am especially proud of our team, our platform, and our portfolio companies as we mark this important milestone for the firm,” added Mr. Rajpal.
GrowthCurve Capital is a private equity firm focused on building world-class businesses by leveraging data, analytics, and machine learning, combined with a comprehensive approach to human capital, to accelerate growth and drive value creation. Founded by Sumit Rajpal, former Global Co-Head of the Goldman Sachs Merchant Banking Division, the firm focuses on data-rich control-oriented private equity investments primarily across the technology and information services, healthcare, and financial services sectors. For more information, please visit www.GrowthCurveCapital.com and follow the firm on www.linkedin.com/company/growthcurvecapital.