Former Goldman banker seeks $2 billion for buyout fund -source
Reuters
Published Oct 19, 2021 09:05AM ET
By Chibuike Oguh
(Reuters) - GrowthCurve Capital, a private equity firm founded by former Goldman Sachs Group Inc (NYSE:GS) executive Sumit Rajpal, is seeking to raise $2 billion for its inaugural buyout fund, according to a person familiar with the matter.
The new fund, GrowthCurve Capital Partners I, is expected to reach the first close of its fundraising this year and could eventually amass up to $3 billion, the source said.
A GrowthCurve spokesman declined to comment.
GrowthCurve targets investments in the technology, healthcare, and financial and information services sectors, according to its website.
Rajpal launched GrowthCurve Capital in May this year after spending nearly 20 years at Goldman Sachs, where he was most recently co-head of its merchant banking division. He departed Goldman Sachs in 2020.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.