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TR Capital passes halfway mark towards $600m Fund V target

Tuesday, January 17, 2023

(PEI by Carmela Mendoza) - TR Capital has held a first close on its fifth secondaries vehicle, raising more
than two-thirds of its $600 million target.

The Hong Kong-headquartered secondaries firm has gathered $350 million so far for TR Capital V from global financial institutions, according to a statement. Fully 90 percent of the firm’s existing investors re-upped in the vehicle, the firm said.

Capital raised thus far for TR Capital V is already the same amount that itgathered for its 2019-vintage, $350 million predecessor.

Fund V will be deployed across tech, healthcare and consumer deals in Asia, according to the statement. The firm has already secured its first deal from the fund, a $150 million multi-asset continuation fund for three India headquartered business. The companies – Sahajanand Medical Technologies, FirstMeridian Business Services and Paradise Food Court – are from Samara
Capital’s $300 million Fund II.


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