Kapil Venkatachalam was named the top investor in GrowthCap's 2016 40 Under 40 Investor List.

The investors honored were initially nominated by their respective firms, peers or by GrowthCap itself. Following the nomination process, they then were evaluated based on volume of completed deals, capital invested, number of exits and realized returns, as well as qualitative aspects contributing to their overall efectiveness, according to GrowthCap.

"The vast majority of this year’s nominees provided detailed information on their professional background and investment experience, which played a key role in our selection process and ranking methodology," GrowthCap managing partner RJ Lumba said.

"We realized after the publication of our 2014 and 2015 lists, the influence the list can have on LPs evaluating new fund investments or CEOs deciding on prospective capital partners." Lumba added. "In particular, the list has been helpful to large family offices in identifying talented investors in the growth equity asset class."

Aside from the top-ranked Venkatachalam, the other Indian Americans included on the list were Nehal Raj, Sachin Sarnobat, Nishita Cummings, Vinay Kashyap, Shamit Mehta and Ron Shah, as well as "Rising Star" Arjun Mehta.

Venkatachalam is the general partner of Technology Crossover Ventures. The Indian American was on the 2014 and 2015 GrowthCap lists, in addition to his No. 1 spot in this year's list.

Venkatachalam began his career in 2003 with Goldman Sachs. Following his time there, he served as an investor at numerous firms, including FinancialForce.com, Alarm.com, Genesys, Rapid7, OSIsoft, TOA Technologies, ExactTarget, Splunk and Seismic Micro-Technology.

A member of the board at IQMS, Venkatachalam has been at TCV since 2006.

“Technology is the heart of our business. We partner with companies that have achieved product-market fit and are looking to scale further. We are flexible and invest in companies at whatever stage and in whatever form makes the most sense for them at the time," he described his company in the GrowthCap bio. "TCV might be the first institutional investor, investing a significant amount of capital for a board seat and majority position in a company that has been bootstrapped by its founders, or we might be a minority investor in a pre-IPO business that is looking for help get to the next level," he said.

"Unlike many venture firms, we do not look at an IPO as an 'exit.' Rather, we continue to support many of our companies for years to come. Examples include Alarm.com, Facebook, GoDaddy, Netflix, Rapid7 and many more,” Venkatachalam added.

Raj came in at No. 9 on the list. A partner at TPG Growth, Raj leads TPG’s technology investments across the firm’s TPG Capital and TPG Growth platforms.

"This combination of large-cap private equity and growth equity investing experience is unique in the industry," GrowthCap wrote.

His current investments include C3 IoT, CCC Information Services, Domo, IMS Health, Noodle Analytics, Sutherland Global Services and Zscaler, it added.

Sarnobat, managing director at Atalaya Capital Management, was ranked No. 15 on the list. At Atalaya, Sarnobat focuses on structured capital investments targeting high teen return profiles.

The company, founded in 2006, manages in excess of $2 billion and focuses on making opportunistic credit and special situations investments, GrowthCap noted. Atalaya invests across the capital structure providing dilutive and non-dilutive capital with flexibility for control as well as minority investments, it added.

Prior to joining Atalaya, Sarnobat worked with Prospect Capital Management. He began his career as an early employee at a technology start-up that provided big data analytics to the consumer credit risk industry and was awarded a U.S. patent related to data mining.

Sarnobat earned his B.S. from the University of Mumbai, his M.B.A. from Columbia University Business School and his master’s from the University of Tennessee Knoxville.

Cummings is a partner for Kayne Anderson Capital adviser’s growth private equity activities. She identifies, analyzes and executes on investment opportunities and monitors portfolio companies in healthcare and technology, GrowthCap said.

Prior to joining Kayne Anderson in 2007, Cummings worked at Boston Avenue Capital, a value oriented activist hedge fund. Her current investments include Andover Healthcare, Azalea Health Innovation, AtlasRFID, Consero Global Solutions, Conservice, Cryptzone, DiCentral, Drivewyze, FaceFirst, Rage Frameworks, You.i and Zafin, it said.

Kashyap is the principal at Mainsail Partners, a company he joined in 2013 to focus on growth equity investing in profitable, growing and bootstrapped companies, according to GrowthCap.

GrowthCap ranked Kashyap as the No. 28 ranked investor in 2016.

He has been investing in founder-owned software, technology-enabled services and healthcare technology companies for more than a decade.

Kashyap, who currently serves on the boards at Nexus Systems, SentryOne, PlayMaker CRM and Zen Planner, was previously at Summit Partners.

Mehta came in at No. 30 on GrowthCap's list. The principal at North Bridge Capital, where he's been since 2014, Mehta is building on an already established career in growth equity investing, GrowthCap noted. At North Bridge, Mehta focuses on SaaS/software, fintech, security, healthcare IT and business/information services sectors, it said.

Prior to North Bridge, Mehta was an investor at Susquehanna Growth Equity and Great Hill Partners. Among his career investments are OutSystems, Jive Communications, Versafe, Freightquote.com, SecureWorks and Passport Health Communications.

Shah is considered the No. 34 ranked investor by GrowthCap. The Indian American joined Stripes Group in 2007 as one of its first team members. He is currently a partner at the firm.

Over the past nine years, he has played a key role in Stripes Group’s technology, software and internet investments while also managing the firm’s direct sourcing efforts, GrowthCap said.

His current investments include Remitly, Flatiron Health, Craftsy, Udemy, GoFundMe, Upwork and Folica, it added.

Mehta, this year's GrowthCap Rising Star, is a senior associate at Bregal Sagemount, where he is a board director for STEELE CIS, Discovery Data and Keg Logistics. He is a board observer for Network Merchants.

Prior to joining Bregal Sagemount in 2013, Mehta was an investment banking analyst at Credit Suisse, where he focused on leveraged buyouts and recapitalizations.

GrowthCap provides growth capital advisory to a select group of family offices in addition to advising and working on behalf of growth-stage, private companies seeking a capital.