Vanara Capital Launched Via Strategic Partnership With TPG

By Amit Chowdhry • Aug 20, 2025

Vanara Capital, an investment management firm focused on flexible capital solutions for growth-stage technology companies, has launched in partnership with TPG NEXT. TPG NEXT, part of TPG’s strategy to support new investment firms, will be a key anchor investor in Vanara’s inaugural fund, joining notable investors like Greg Williams, CEO of Acrisure.

Founded in San Francisco by Neil Kamath and Hayden Lekacz, Vanara designs tailored equity financing solutions for exceptional growth-stage technology businesses. The duo has a strong history together, having previously worked at TPG and Spectrum Equity.

With initial backing from CalPERS, TPG NEXT provides minority capital and operational support to emerging managers. This partnership gives Vanara access to TPG’s global network and resources, supporting its capital raising, investment sourcing, and talent acquisition efforts.

KEY QUOTES:

“Today’s rapidly evolving tech landscape demands flexible capital solutions as innovative as the companies they support. We built Vanara to address the complex needs of growth-stage businesses and to help catalyze the next wave of technological disruption. We’re thrilled to launch the firm and are grateful for the strong support of partners like TPG. We look forward to working with companies across the tech ecosystem to help them grow and scale.”

Neil Kamath, Co-Managing Partner of Vanara

“The traditional equity markets no longer meet the needs of dynamic and fast-growing companies, and we’re hoping to change that. We know firsthand the power of TPG’s global platform, tech investing expertise, and deep market reach, and are proud to launch with their support as we build our firm and execute our strategy. Together with TPG, we are excited about supporting the next generation of category-defining entrepreneurs.”

Hayden Lekacz, Co-Managing Partner of Vanara

“As the alternatives landscape evolves, there continues to be a clear and growing need for creative capital. Vanara is bringing a solutions-first mindset to the market, an orientation that TPG shares and has been core to our business since its inception. We are pleased to back Neil and Hayden as they launch Vanara and look forward to working together to grow and scale their firm.”

Anilu Vazquez-Ubarri, COO of TPG