Capital deployed primarily to fund expansion of revenue, customer base, or geographic reach rather than to maintain existing operations. Growth capital is distinguished from maintenance capital by its expected return profile and by the discretionary nature of the deployment. The federation requires growth capital to be tagged in the deployment register with an associated growth thesis, a horizon, and an explicit return basis. Growth capital that has not produced measurable progress against thesis after eight quarters is reclassified for review under TGS-002:2.3.
A coinage of late twentieth century private equity practice; the term sits between venture capital and buyout in the private market vocabulary.
Federation members tag growth capital deployments in the capital register with thesis, horizon, and return basis. Deployments without measurable progress after eight quarters are flagged under MEV-Annex:4.1 and reviewed at the next steward cycle.
@misc{ifo4_glossary_growth_capital,
title = {{Growth Capital}},
author = {{IFO4 Federation Editorial Board}},
howpublished = {{IFO4 Federation Glossary, slug \texttt{growth-capital}}},
year = {2026},
url = {https://ifo4.org/glossary/growth-capital},
note = {Category: Capital; key: GrowthCapital}
}Federation members and accredited practitioners may challenge any entry under TGS-002:1.7. Filed challenges are routed to the editorial board, triaged into the revision register, and resolved in writing on the public docket. The slug remains stable through any revision.