Ex-Goldman Executive Rajpal Launches Buyout Company
< img src=" https://images.wsj.net/im-342199/social" class=" ff-og-image-inserted"/ > Sumit Rajpal, previous co-head of the merchant bank of Goldman Sachs Group Inc., GS 1.80% is launching a brand-new private-equity firm targeting business that are sitting on valuable troves of information that can be used better to stimulate development. The new company, to be called GrowthCurve Capital, will
focus on business in the innovation, healthcare and financial -and information-services sectors and target handle a business worth in between $500 million and $1 billion, company authorities said. Mr. Rajpal, who left Goldman
in February 2020 after a 20-year career at the investment bank, has hired 19 people for the new firm including three seasoned financiers who will lead deals in each sector.
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Sanjay Swani, a veteran of private-equity firms Tailwind Capital and Welsh, Carson, Anderson & & Stowe, will be the firm’s primary investment strategist and lead its technology financial investments. Matthew Popper, formerly a managing director in Goldman’s merchant bank, will oversee investments in financial and info services. And Vignesh Aier, previously at private-equity firm New Mountain Capital, will run healthcare investing.
Mr. Rajpal has actually also hired 4 operating executives with specializeds in digital improvement, expert system, data analytics and human capital. Unlike at many buyout shops where functional specialists are often brought in to assess method and improve business after they have been gotten, these executives will sit on GrowthCurve’s financial investment committee and evaluate deals when they are very first proposed.
Company authorities stated the operating partners will assist GrowthCurve determine companies in possession of valuable information sets that haven’t been tapped because of a lack of awareness, technological know-how or financial resources.
— newsletter-signup-title-1lX_qTsd_qyFPWrS_ofBJG” > Newsletter Sign-up< div class =" ArticleInsetNewsletterCard-- card-container-3VXU1TS3nFYBuuf9q3mP8e ">< div class =" ArticleInsetNewsletterCard-- card-info-container-37bi2ktbJVdyEsdc-uYjAt" readability="32" >< h5 class="ArticleInsetNewsletterCard-- label-name-2rbcs8VV-ceE9OxoHClnle" data-newsletter-id =" 263 "> Markets< div class =" ArticleInsetNewsletterCard-- card-description-1S-H-t1w6h_dYWFOt6BFx8 "readability =" 34" > A pre-markets guide loaded with news, patterns and ideas. Plus, up-to-date market information. ” Now is the correct time for personal equity to welcome the potential of data analytics and AI,” Mr. Rajpal said in an interview. Hedge funds and the fintech market have actually more easily embraced those disciplines, he said.
Mr. Rajpal joined Goldman in 2000 and was called a partner in 2010 at age 35. As head of the merchant bank’s financial- and information-services investing company, he led some of its top-returning offers, including an investment in credit-reporting bureau TransUnion that produced more than $1 billion in revenue.
He ended up being co-head of the merchant bank in 2019.
Mr. Rajpal also had an early hand in building Goldman’s consumer bank, called Marcus, pitching then-Chief Executive Lloyd Blankfein on the concept in 2014.
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