TDR
Private equityLondon Β· Growth
Also known as TDR CAPITAL LLP
Find your way into TDR
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 Sep 15, 2026.
What they invest in
from 2 of 4 portfolio companiesEnterprise Software Γ2Advanced Manufacturing Γ1Cleantech Γ1Energy Γ1Fintech Γ1Hardware Γ1IoT Γ1Logistics & Supply Chain Γ1
HQs:United KingdomΓ1
Investments Β· 4 tracked
founders shown can be your intro pathExpensya is an expense management platform that provides automation, fraud detection, and multi-currency support for companies managing employee spending across borders.
Enterprise SoftwareFintechSaaS
Co-investorsIsaiISAI GestionMAIF AvenirSilicon BadiaSeventure Partners
Other
Tracked investments with no reachable website or further public details β typically companies that wound down, renamed, or were absorbed.
Arrow GlobalLyceum Education Group
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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