Trident Growth Launches ₹2,000 Crore Maiden Fund

The fund aims to lead or co-lead the Series B+ investments in fast-growing companies

- Priyamvada C

Trident Growth Partners, backed by Ranjan Pai's family office Claypond Capital, has launched its maiden fund with a corpus of ₹2,000 crore, which includes a green shoe option, to tap the under-served mid-market, or growth-stage companies, top officials at the investment firm told Mint in an interview.

The fund aims to lead or co-lead the Series B+ investments in fast-growing companies, writing cheques of ₹150-170 crore for a significant minority stake.

Although it is sector-agnostic, the growth stage private equity fund will invest in key themes such as consumer, financial services, enterprise technology, manufacturing, and healthcare.

"While it is very pertinent for us to be sector-agnostic, much of investments come under three broad buckets—consumption for the evolving middle class that includes categories like financial services, healthcare and education, secondly—the China+1 supply chain strategy and lastly, enterprise technology which involves make in India products for the world," Trident's managing partner Atul Gupta told Mint.