TR Capital Completes Secondary Investment in Genesis Capital I L.P.
Thursday, September 03, 2020
(Press Release) – TR Capital is pleased to announce that it has completed a secondary investment in Genesis Capital I L.P.
Genesis Capital I L.P. is a 2015 vintage private equity fund focusing on China’s TMT sector. The fund is fully invested in high quality companies with strong growth potential and clear visibility on exits (including MissFresh, Full Truck Alliance, RED and Zhangmen). TR Capital acquired an LP interest at a significant discount to the reported NAV.
Genesis Capital was founded by Richard Peng, who was previously Head of Investment and Corporate Vice President of Tencent.
The transaction marks the third investment made by TR Capital IV, L.P., TR Capital’s fourth flagship fund.
