# Wavecrest Growth Partners

Wavecrest Growth Partners is a Private Equity based in Boston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2016
- **Assets under management:** Sub-$500M (Altss estimate)
- **Website:** wavecrestgrowth.com
- **LinkedIn:** https://www.linkedin.com/company/wavecrest-growth-partners

## Regulatory record

- **Reports private funds:** No

## About

We partner with founders and management team of high-growth B2B software, AI, data and technology-enabled services companies, combining growth capital, operating expertise, and deep industry networks to help scale their business.

## Sectors

- Enterprise Software
- AI/ML
- Data & Analytics

## People

- Deepak Sindwani — Co-Founder & Managing Partner
- Vaibhav Nalwaya — Co-Founder & Managing Partner

## Questions

### How does Wavecrest Growth Partners source its deals?

Wavecrest relies heavily on founder-to-founder referrals and relationships built over decades by Sindwani and Nalwaya during their tenures at Summit Partners and TA Associates. The firm does not run a mass outbound origination funnel. Instead, it cultivates a network of bootstrapped and capital-efficient B2B software operators who meet Wavecrest's criteria — companies with $5 million to $30 million in revenue and minimal prior institutional capital. This targeted approach yields fewer but more proprietary processes.

### Does Wavecrest take minority stakes or control positions?

Wavecrest does both, which is uncommon for a firm of its size. The dual mandate allows founders to choose partial liquidity — selling 30% to 60% of their equity — or full recapitalization and succession. The structure depends entirely on the founder's personal objectives, and the same fund can hold both minority and control positions simultaneously.

### Which sectors does Wavecrest explicitly avoid?

Wavecrest does not invest in consumer internet, hardware, biotechnology, or medical devices. The firm's mandate is tightly scoped to enterprise-facing software, data, and analytics businesses — sectors where both founders have spent their entire careers. Geographically, the firm concentrates on North America, with no stated appetite for emerging-market or deep-tech risk.

### Who runs investment decisions at Wavecrest?

Co-founders Deepak Sindwani and Vaibhav Nalwaya act as the firm's Investment Committee. Both are managing partners with equal authority. Sindwani's background includes a decade-plus at Summit Partners executing growth equity deals; Nalwaya's includes a similar tenure at TA Associates. No external investment committee members or advisory boards have been disclosed as participating in final allocation decisions.

## Related profiles

- [Wave Capital](https://altss.com/profile/wave-capital)
- [WaveDivision Capital](https://altss.com/profile/wavedivision-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/wavecrest-growth-partners

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