TC Growth Partners, a Palo Alto, CA-based newly formed investment firm, closed its maiden fund, at $300m.
According to a regualtory filing with the S.E.C., the 26 investors participated in the offering related to TC Growth Partners I, L.P..
Led by Co-founders and managing partners Gustavo Alberelli, Michael Biggee, John Moragne and Arneek Multani, TC Growth Partners focuses on making growth equity investments in technology-enabled services companies.
A spin-out of the growth equity team of Trident Capital, the firm aims to make investments in companies offering proven solutions that have been well received by enterprise customers, have an annual revenue run rate of $10m or more, growing at 20% or more per year.
The fund invests in both sizable minority positions and majority control transactions.
Areas of expertise include:
– Healthcare IT,
– Cloud and Enterprise IT,
– Internet and Marketing Services, and