SurgoCap Partners made history with its debut as the largest woman-led hedge fund internationally. Under its founder, Mala Gaonkar, SurgoGap Partners started trading on Tuesday, January 3, 2023 with $1.8 million under management. The SurgoCap firm will base its investments around areas in which technology can boost financial, industrial, and health care sectors.
Gaonkar has an MBA from Harvard University and joined Lone Pine Capital as a founding partner in 1998. Before starting SurgoCap, she worked as one of three portfolio managers at Lone Pine from 2019-2022.
Gaonkar has incorporated her noteworthy use of technology for philanthropy into SurgoCap’s goals. Her past projects include co-founding the Surgo Foundation, which used AI and behavioral science to address health problems around the world. SurgoCap will put $100 million into smaller foundations, as well as nonprofits, that focus on climate change or serve underprivileged communities.