TR Capital to deploy $1 billion in India secondaries; appoints Umang Agarwal as MD

Asia-focussed secondary private equity (PE) firm TR Capital will deploy $1 billion in India over the next five years, across consumer, financial services, and healthcare, while selectively evaluating opportunities at the intersection of software and artificial intelligence (AI), managing partner Frederic Azemard told ET today.

The PE firm has also appointed Umang Agarwal, former principal at Eight Roads, as managing director to lead its India strategy, alongside expanding its local presence with a new office in Bengaluru and senior hires to tap the rising deal flow.