GrowthCurve Capital, Sumit Rajpal’s private equity firm, uses Google Ads
SUMIT RAJPAL, BOMBAY UNIV GRAD AND EX-GOLDMAN SACHS PARTNER, SETS UP NEW YORK BASED GROWTH CURVE CAPITAL
This article was first published by Global Indian Times on May 24, 2021
https://www.globalindiantimes.com/globalindiantimes/2021/5/24/growthcurve-capital-sumit-rajpal
May 24, 2021
Sumit Rajpal announced the launch of GrowthCurve Capital, a New York based private equity fund manager. He was the former Co-Chief Investment Officer of the flagship private equity funds, including West Street Capital Partners VII, at Goldman Sachs, the New York based investment bank with a market value of $132 billion.
Rajpal is GrowthCurve’s founder and chief executive. Over the past three decades, the private equity market has matured significantly, he says in a statement. He expects private equity investment gains to shift “from financial engineering to sustainable operational improvement.”
In this environment, GrowthCurve says it will invest in businesses that use artificial intelligence and digital transformation, enabled by human capital, to grow their revenues and profit margins, thereby bringing good, long term gains to institutional investors.
GrowthCurve seeks controlling investments primarily in the financial and information services, healthcare, and technology sectors, emphasizing companies that are information-rich with strong growth potential.
Rajpal has not disclosed how much capital Growth Curve plans to raise for its first fund. Evidently it has bought advertisements on Google search, which have the title: Growth Curve Capital? - A PE firm with a new approach.
A Bombay Univeristy and IIM A graduate
Earlier, Rajpal spent 20 years at Goldman Sachs, most recently as the Global Co-Head of the Merchant Banking Division (MBD) and the Global Co-Head of the Corporate Equity investing businesses. He reportedly led Goldman’s investment in TransUnion, a credit reporting company, that resulted in a gain of $1 billion.
Prior to that, Rajpal was head of Goldman Sachs MBD’s global Financial and Information Services investing business and led the initial build-out of Goldman Sachs’s digital consumer platform, Marcus by Goldman Sachs. He was named partner in 2010.
After he retired from Goldman Sachs in early 2020, Rajpal served as a Senior Policy Advisor to the Securities and Exchange Commission (SEC) Chairman on areas of the financial markets impacted by COVID-19. In addition, he co-authored an SEC report titled, U.S. Credit Markets: Interconnectedness and the Effects of the COVID-19 Economic Shock.
Rajpal earned a Bachelor of Commerce from the University of Bombay, a postgraduate Management Accountant Certification, and a postgraduate in Business Administration from the Indian Institute of Management, Ahmedabad, India.
Sanjay Swani is chief strategist at Growth Curve
GrowthCurve has a staff of 20 “proven investors and seasoned functional executives.” Its senior managers include Sanjay Swani, Chief Investment Strategist and Head of Technology Investing. He was previously a partner at Tailwind Capital and Welsh Carson Anderson & Stowe. Swani earned a BA in molecular biology from Princeton University in 1987 and concurrent degrees from Harvard Law School and MIT’s Sloan School of Management in 1994.
Swani Co-Chairs the Board of Directors for the Partnership Fund for New York City; chairs the Advisory Council for the Princeton Institute of International and Regional Studies and is a member of the Advisory Council for the Chadha Center for Global India and the President’s Advisory Council at Princeton University.
Vignesh Aier, head of Healthcare Investing at GrowthCurve, was previously Managing Director, New Mountain Capital. He graduated from Columbia University with a B.A. in Economics-Mathematics and also studied at the London School of Economics. He was born in India, where he first developed his love of elephants, tigers, and other wildlife, according to his profile on World Wild Life Foundation where he is a member of its National Council.
GrowthCurve’s ten advisers include Mihir A. Desai, Professor of Finance, Harvard Business School and Professor of Law, Harvard Law School; and Siddharth “Bobby” Mehta, the former chief executive of TransUnion.
In a statement, Rajpal noted that GrowthCurve brings “together some of the most talented people I have known and worked with during my career.”
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