Organization · Secondary Fund
TR Capital Group
TR Capital Group is an independent investment firm based in multiple locations across Asia, specializing in secondary private equity investments. The firm provides liquidity solutions to private equity investors and actively engages with its portfolio companies.
Overview
What TR Capital Group does
What TR Capital Group is
TR Capital Group is an independent investment firm based in multiple locations across Asia, specializing in secondary private equity investments. The firm provides liquidity solutions to private equity investors and actively engages with its portfolio companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Secondary Fund
- Founded
- Founded in 2007
- Approximate age
- About 19 years
- Structured capabilities
- Funder
- Last reviewed
- March 3, 2026
Official channels
Find TR Capital Group elsewhere
Open the official website or a supported primary organization account.
Capability profile
TR Capital Group as a funder
Investment thesis
TR Capital focuses on providing liquidity solutions through secondary investments in private equity. The firm aims to support private equity investors by offering alternative liquidity options in the Asia market.
Focus narrative
TR Capital focuses on secondary investments in private equity, providing liquidity solutions to investors. While the firm actively invests across various sectors, specific details on sectors and stages are not provided.
Focus and fit
- Regions
- Asia
Availability
- Currently deploying
- Not published
Portfolio and track record
- Recorded notable exits
- Lenskart, Source Photonics, WeRide, NetEase Cloud Music, RoboSense, and Full Truck Alliance
Portfolio context
Notable transactions by TR Capital include the acquisition of a secondary stake in Seek Petfood, a partial exit from Lenskart during its IPO, and a full exit from Source Photonics. The firm also made preferred equity investments in Monk’s Hill Fund I portfolio, secured against Ninja Van, KKday, and ELSA, and acquired MoEngage, Shadowfax, and Whatfix from Eight Roads. Additionally, TR Capital achieved full exits from WeRide, NetEase Cloud Music, RoboSense, and Full Truck Alliance.
Common questions
What to know about TR Capital Group
Upseed classifies TR Capital Group under the Secondary Fund organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 3, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.