Mala Gaonkar's SurgoCap Triples Assets to $6 Billion in Three Years

• SurgoCap Partners, founded by Mala Gaonkar, has grown its assets threefold to $6 billion in just three years since its debut, making it one of the fastest-scaling launches in the industry.
• The firm began trading in January 2023 with $1.8 billion, marking the largest woman-led hedge fund debut at the time.
• SurgoCap's growth is notable given the tougher fundraising cycle, with US pensions and endowments reducing new hedge fund allocations.
• Mala Gaonkar, who spent over two decades at Lone Pine Capital, employs a thematic strategy using data science to identify companies benefiting from technology-driven change.
• Beyond investing, Gaonkar co-founded Surgo Foundation and Surgo Ventures, utilizing data and AI for public health challenges, and serves on several prominent boards.

Why It Matters: Mala Gaonkar's SurgoCap rapidly scaled to $6 billion in three years, defying a tough fundraising environment.