Gulmohar Capital Partners, a long-term investment firm, has announced the launch of GRCS Trust, a permanent-capital platform backed by $30m of initial committed capital to acquire and scale software businesses across the governance, risk, compliance and security ecosystem.
GRCS Trust has been established to pursue a long-term buy-and-build strategy, targeting lower mid-market software companies that support the offices of the CIO and CISO. The platform will act as a control sponsor and is structured with committed capital and the ability to use prudent leverage to fund both initial acquisitions and larger strategic additions over time.
The strategy focuses on addressing fragmentation within mid-market GRC and security environments, where organisations often rely on multiple point solutions spanning data governance, compliance automation, workforce monitoring and security operations. By building an integrated platform, GRCS Trust aims to consolidate these historically siloed systems into a unified operating foundation.
The platform’s anchor investment is CurrentWare, a Toronto-based endpoint visibility, workplace monitoring, productivity and insider-risk platform. The business, which serves mid-market IT and compliance teams with device, user and data controls, was acquired in March 2025.
GRCS Trust is backed by anchor investors Peterson Partners and M²O, alongside lead investors Next Coast Legacy, Aspect Investors, Applied Equity, Amplify SG, Highland Creek Partners and TD Investment Company. The investor group also includes institutional investors, family offices and UHNW partners aligned with the platform’s long-term approach.
The firm is targeting majority investments in software companies with $2–20m in recurring revenue, strong retention and mission-critical products.
Sumit Aneja, co-founder and co-CEO, said, “GRCS Trust gives us the flexibility to hold companies long-term, reinvest cash flows, and build a unified platform without traditional fund constraints. We acquire profitable software companies and scale them through commercial excellence, shared technology, and disciplined capital allocation
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