Trident Growth Partners (TGP), an investment firm established by former Premji Invest and IFC executives Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra, has announced the first close of its debut fund at over Rs 1,000 crore. The fund achieved this milestone within seven to eight months of obtaining its Alternative Investment Fund (AIF) licence in July 2024.

TGP is now activating its greenshoe option to raise an additional Rs 1,000 crore. Targeting investment in 10 to 12 companies, TGP plans to deploy Rs 120–200 crore per firm, securing significant minority stakes of eight to 20 percent and typically occupying a board seat. The focus areas include consumer, financial services, enterprise tech, manufacturing, and healthcare sectors. TGP looks to support resilient businesses with proven product-market fit and strong unit economics.

Gupta added, “Our focus is on backing resilient, growth-stage companies with strong unit economics, prioritising sustainability and governance.” Beyond capital, TGP offers operational expertise, a founder-first philosophy, and a wide network to support scaling businesses. 

Governance is a core pillar of TGP’s strategy. The firm encourages its portfolio companies to appoint independent board members within six to twelve months and actively collaborates with founders to build strong processes.