TDR's funds

TDR Capital manages three European mid-market buyout funds with in excess of €8 billion of capital commitments:

  • TDR Capital II, a 2007 vintage fund, closed with commitments of €2.2 billion (with additional capital raised in 2016).
  • TDR Capital III, a 2013 vintage fund, closed with commitments of €2.1 billion.
  • TDR Capital IV, a 2018 vintage fund, closed with commitments of €3.5 billion.
  • TDR Capital I, a €550 million 2003 vintage fund.

Prior to the launch of TDR Capital Manjit Dale and Stephen Robertson managed the DB Capital Partners European portfolio of over 20 investments. Please see Pre-TDR investments for examples of investments in this portfolio.


TDR Capital’s investors include various types of institutions from a broad geographical base, including pension funds, sovereign wealth funds, fund of funds, insurance companies, endowments and foundations and family offices.

The TDR Capital team is one of the largest investors in each of our funds, demonstrating our close alignment of interests with our investors.

Investor portal

Investors in TDR Capital III and TDR Capital IV may access the investor portal here.

Please contact the Investor Relations team with any investor-related queries.