TDR
Private equityLondon Β· Growth
Also known as TDR CAPITAL LLP
Investment thesis
TDR Capital pursues an independent-minded investment approach, backing market-leading companies that are resilient through economic cycles and have potential for robust growth. Its investment team, operating partners and data scientists collaborate closely throughout the deal lifecycle rather than working in silos, with data scientists supporting origination through market-mapping and operating partners validating theses from prior portfolio experience. The firm aims to unlock growth by finding solutions blocked under prior ownership, spotting overlooked opportunities and supporting fresh strategies from ambitious management teams. TDR concentrates on three core sectors: Business Services, Financial Services, and Consumer and Leisure.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 2 of 4 portfolio companiesCleantech Γ1Energy Γ1Enterprise Software Γ1Fintech Γ1Hardware Γ1SaaS Γ1
Investments Β· 4 tracked
founders shown can be your intro pathEuropean investor and asset manager focused on non-performing loans and non-core assets, operating asset management platforms across Western Europe and running a third-party fund management business.
Expensya offers an expense management solution that automates expense report handling, giving finance teams control while reducing administrative burden on employees.
Enterprise SoftwareFintechSaaS
Co-investorsIsaiISAI GestionMAIF AvenirSilicon BadiaSeventure Partners
International provider of professional and higher vocational education, training and qualifications; parent brand for 11 specialist education businesses including BPP Holdings, serving around 130,000 learners annually.
Fund performance Β· per public LP disclosures Β· 4
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| TDR Capital VLPs: Oregon Public Employees Retirement System, Pennsylvania Public School Employees' Retirement System, Bill & Melinda Gates Foundation Trust +1 more | 2023 | β | β | 0.98x | 0.00x |
| TDR Capital IVLPs: Oregon Public Employees Retirement System, Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System | 2018 | β | 14.0% | 1.58x | 0.33x |
| TDR Co-InvestmentLPs: San Diego City Employees' Retirement System | 2016 | β | 14.6% | 2.83x | 2.04x |
| TDR Capital IIILPs: Oregon Public Employees Retirement System, Maryland State Retirement and Pension System | 2013 | β | 22.3% | 2.56x | 1.26x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does TDR invest at?
- TDR invests at the Growth stage.
- What sectors does TDR focus on?
- TDR focuses on Fintech.
- Where is TDR located?
- TDR is headquartered in London, GB.
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