TR Capital

TR Capital Group, established in 2007, is a prominent player in secondary private equity investments throughout the Asia-Pacific region. With offices in Hong Kong, Shanghai, and Mumbai, the firm specializes in Secondary Direct investments, Fund Restructuring, and the acquisition of Limited Partner interests. TR Capital emphasizes concentrated, long-term investments in select industries, aiming to acquire assets at a discount to their intrinsic value. The firm's second fund, launched in 2012, targets investments in manufacturing, e-commerce, mobile, and technology sectors across various countries, including Hong Kong, China, Taiwan, India, and several Southeast Asian nations. Investment sizes typically range from USD 15 million to USD 30 million, reflecting TR Capital's strategic approach to enhancing portfolio value.

Norbert Fernandes

Vice President

Nathan Lee

Vice President

Paul Robine

Partner

Colin Sau

Managing Partner

Chi Sau

Director

8 past transactions

Sapphire Foods

Secondary Market in 2021
Sapphire Foods’ value system is firmed based on simple understanding that We WORK together, GROW together and WIN together as a TEAM. We firmly believe in being open and honest in our business and value openness in all our transactions and dealing. Integrity is treasured and upheld in our organization. We believe in continuous improvement and innovation to progress towards a better tomorrow. Our motto is to "Get better than yesterday".

UniLend Ltd.

Funding Round in 2020
UniLend Ltd. develops a permission-less decentralized protocol platform for block chain assets. The company’s platform combines spot trading services and money market with lending and borrowing services. It offers permission-less listing, lending and borrowing, trading, governance, liquidity, and native utility token services. The company was founded in 2020 and is based in India.

Bira 91

Series B in 2019
Bira 91 is a modern beer brand focused on delivering flavorful and diverse beer options to consumers. The company offers a strong portfolio that includes five distinct beers: Bira 91 White, a low bitterness wheat beer; Bira 91 Blonde, an extra hoppy craft lager; Bira 91 Light, a low-calorie lager; Bira 91 Strong, a high-intensity wheat beer; and Bira 91 “The IPA,” noted as the first IPA brewed and bottled in India. By providing a variety of craft beers, Bira 91 aims to cater to the evolving tastes of beer enthusiasts and contribute to a global trend that favors more colorful and flavorful drinking experiences.

Bira 91

Series A in 2016
Bira 91 is a modern beer brand focused on delivering flavorful and diverse beer options to consumers. The company offers a strong portfolio that includes five distinct beers: Bira 91 White, a low bitterness wheat beer; Bira 91 Blonde, an extra hoppy craft lager; Bira 91 Light, a low-calorie lager; Bira 91 Strong, a high-intensity wheat beer; and Bira 91 “The IPA,” noted as the first IPA brewed and bottled in India. By providing a variety of craft beers, Bira 91 aims to cater to the evolving tastes of beer enthusiasts and contribute to a global trend that favors more colorful and flavorful drinking experiences.

Urban Ladder

Series C in 2015
Urban Ladder, founded in July 2012 by Ashish Goel and Rajiv Srivatsa, is an online furniture retailer focused on providing curated home solutions for Urban Indian consumers. The company offers over 1,000 products across 25 categories, including wardrobes, sofas, beds, and dining tables, with designs developed by an in-house team of experienced designers. Urban Ladder emphasizes high-quality, handcrafted furniture that combines aesthetics with functionality. The company operates its own logistics team to ensure safe and reliable doorstep deliveries. Currently, Urban Ladder serves seven major cities in India—Bangalore, Mumbai, Delhi/NCR, Chennai, Pune, Hyderabad, and Ahmedabad—with plans to expand. The user-friendly website enhances the shopping experience, making it easier for customers to navigate its extensive collection. Urban Ladder has received backing from prominent venture capital firms, including Steadview Capital, SAIF Partners, and Kalaari Capital.

Lenskart

Series C in 2015
Lenskart Solutions Private Limited operates as a prominent online eyewear retailer in India, offering a wide range of products including prescription glasses, sunglasses, and contact lenses for men, women, and children. Established in 2008 and based in New Delhi, the company has expanded its presence through numerous retail stores across various cities in India. Lenskart is known for its user-friendly online platform, where customers can select from over 500 designs of eye frames and enjoy features like 48-hour free home delivery and a 365-day return policy. The company provides an extensive selection of contact lenses from leading brands, catering to diverse customer needs. Additionally, Lenskart offers home eye check-up services in several major cities, enhancing customer convenience and accessibility to eye care.

Lamahui

Series A in 2014
Lamahui.com is an e-commerce platform based in Hangzhou, China, specializing in the sale of maternity, baby, and toddler products at discounted prices. Founded in 2011, the company focuses on providing a wide range of children's accessories and related products, catering to the needs of parents and families. By offering quality items at competitive rates, Lamahui aims to serve the growing market for children's goods in China.

Bulova Technologies Group

Private Equity Round in 2004
Bulova Technologies Group is the parent company of BT-Twiss Transport LLC, Bulova Technologies Machinery LLC and Bulova Technologies Europe LLC which are located in Largo, Florida. Bulova Technologies Group is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC).