# TR Capital: portfolio, investments and team

> TR Capital is a private equity based in Hong Kong SAR China. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/tr-capital-group (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# TR Capital

No observed cheques in the sources we track. That is a limit of our coverage, not a finding about this organisation.

Email

Unknown New fund $228M, May 2020 Private equity

Series A Series B Growth Secondary Private Equity

Follow TR Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftr-capital-group)

Cheques on record

**No rounds observed yet** A limit of the sources we read, not a finding about the firm.

Pitch TR Capital

## What they do

> TR Capital Group is the leader in secondary private equity investments in the Asia-Pacific region. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B Growth
- **Sectors:** Secondary Private Equity
- **Based in:** HONG KONG, Hong Kong SAR China
- **Cold pitches:** Not accepted

## The record

No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=tr-capital-group).

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

BL **Brett Lance Miller** Director i Form ADV

CM **Chi Ming Jean Emmanuel Sau** Chief Compliance Officer i Form ADV

FJ **Frederic Jean Emmanuel Azemard** Director i Form ADV

PG **Paul Gratien Bertrand Robine** Director i Filing they signed

RL **Roland Lance Baumer** Director i Filing they signed

We also hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$725M** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** TR Capital Management International Limited
- **SEC number:** CRD 311999

## What they claim to have backed

From their own portfolio page (on their website)

**19** of 46 we have independently watched raise

[Aibee](https://millionrounds.com/company/aibee)[Arohan](https://millionrounds.com/company/arohan)[Bigbasket](https://millionrounds.com/company/bigbasket)[Bytedance](https://millionrounds.com/company/bytedance)[Deepwise](https://millionrounds.com/company/deepwise)[Elsaspeak](https://millionrounds.com/company/elsa)[Fibe](https://millionrounds.com/company/fibe)[Flipkart](https://millionrounds.com/company/flipkart)[Kkday](https://millionrounds.com/company/kkday)[Kkgroup](https://millionrounds.com/company/kk-group)[Moengage](https://millionrounds.com/company/moengage)[Music](https://millionrounds.com/company/netease-cloud-music)[Ninjavan](https://millionrounds.com/company/ninja-van)[Oatside](https://millionrounds.com/company/oatside)[Robosense](https://millionrounds.com/company/robosense)[Shadowfax](https://millionrounds.com/company/shadowfax)[Urbanladder](https://millionrounds.com/company/urban-ladder)[Weride](https://millionrounds.com/company/weride)[Ymm56](https://millionrounds.com/company/yunmanman) BeeMedia Production Bilibili Bochewang Evisu Firstmeridian Gaiaworks Harveybeef Heyxpeng Jiangjidistillery Junshipharma Lenskart Paradisefoodcourt Pharmacity Sapphirefoods Seamild Sedemac Seekpet Sinomedical Smtpl Sourcephotonics Ssiplgroup Tr-capital Uquifa Vigroup Vivame Vivimedlabs Wuxiao

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$228M**

raised in May 2020

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

**Pitching TR Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Quick answers about TR Capital

### What does TR Capital invest in?

TR Capital says it invests in Secondary and Private Equity.

### Is TR Capital investing now?

No investments in the last 12 months.

### What kind of investor is TR Capital?

TR Capital is a private equity firm based in HONG KONG, Hong Kong SAR China.

### How much does TR Capital manage?

About $725M, as gross assets of its private funds, 2 advisers added together (Oct 2026).

### Has TR Capital raised a new fund?

Its latest fund filing with the SEC was in May 2020, reporting $228M raised.

### Where does this information on TR Capital come from?

From public registers and its own website, checked and rebuilt every night.

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=tr-capital-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=tr-capital-group)
