Our Investors


Truenorth was established in 1999, with a focus on investing in and transforming mid-sized profitable businesses into industry leaders, built on strong foundation of Truenorth values. Steered since its inception by Vishal Nevatia, Truenorth has built deep knowledge and skill in the Indian market. It has successfully launched five separate investment funds with a combined corpus of over US$ 2 billion. Thirty-Five high quality international institutions with a combined investible capital base of over US$ 1 trillion have provided the capital for the fund.

The firm has invested in promising companies, partnered progress, and has seen successful exits. In each prudently selected investment, it developed resilient partnerships with management teams based on mutual respect, integrity, and transparency. This, along with an ability to deliver appropriate support in building businesses has created great value for all stakeholders.

Truenorth is primarily focused on businesses in three industries i.e. healthcare, financial services, food and consumer. It has now decided to add a fourth pillar and, also focus on businesses in technology enabled products and services.


GEF Capital Partners is a private equity fund manager focused on making investments in companies that promote resource efficiency and that are building a more sustainable future. With operations in the United States, Brazil, and India, GEF Capital works with its investment and portfolio company partners to bring capital as well as strategic and operational expertise to businesses that promote the efficient use of scarce natural resources. By enabling clean energy, sustainable agriculture, efficient transportation, and improving energy & resource efficiency, GEF Capital seeks to invest capital in ways that deliver both private equity risk-adjusted returns and positive environmental outcomes.