Mala Gaonkar’s hedge fund SurgoCap Partners has grown assets to approximately $6bn, just three years after beginning trading – marking one of the fastest-scaling hedge fund launches in recent years, according to a report by Bloomberg.
The firm launched in January 2023 with $1.8bn, making it the largest debut ever led by a female founder in the hedge fund industry. Since then, SurgoCap has more than tripled in size, placing it among a small group of recent multi-billion-dollar launches.
SurgoCap’s investment approach combines data science and thematic investing, with a focus on how technological innovation can enhance traditional sectors including financials, industrials, healthcare and enterprise data.
With assets now at roughly $6bn, the firm operates at a comparable scale to other high-profile recent launches, including Bobby Jain’s eponymous hedge fund and Diego Megia’s firm, both established in 2024.
Gaonkar, a former senior investor at Lone Pine Capital, has emphasised maintaining a deliberately compact investment team. Speaking recently on the In Good Company podcast, she said the firm aims to keep its team small to support collaboration and idea generation.
