About Tortuga Growth Partners

Tortuga Growth Partners (TGP) is a growth equity firm actively raising its inaugural fund alongside multiple co-investment opportunities. The firm targets a first close of over $100 million for Fund 1, with an anchor commitment of $20 million already secured.

Led by Senior Partner Ashray Prasad and Operations Lead Cody Odening, TGP operates across a truly global footprint—conducting LP meetings and fundraising activities in Mexico City, the United States, Dubai, Asia, and Canada. This geographic reach brings a diverse LP base that includes large institutional investors, family offices, and high-net-worth individuals.

The firm manages multiple simultaneous investment vehicles, including Fund 1, Project 2 (a $30 million co-investment opportunity), and Project TI. With Citco as their fund administrator and K&E as legal counsel, TGP has built an institutional-quality infrastructure to support their growth trajectory.

Opportunity

As Tortuga Growth Partners ramped up fundraising across multiple vehicles and geographies, the team recognized that their manual subscription document process wasn't scaling with their ambitions. The complexity of onboarding different investor types—from sophisticated institutions to first-time family office investors—created friction at a critical moment.

"Before Vessel, we were sending signature pages separately and then circling back to walk investors through the rest of the subscription document. For anyone unfamiliar with subdocs, that process was overwhelming. Now it's all streamlined in one place.”

Cody Odening Operations Lead, Tortuga Growth Partners

The manual workflow required sending complete fund offering documents, collecting signature pages, following up with separate email requests for subdoc completion, and coordinating document collection across different investor categories—natural persons, U.S.-organized entities, and non-U.S. entities each requiring different documentation streams.

With an aggressive timeline targeting a first close by year-end and planning for subsequent closes in Q1 2026, TGP needed a solution that could handle the complexity of multi-vehicle fundraising while simplifying the experience for their diverse investor base.

Solution

TGP had already experienced Vessel's platform through the data room feature, which they launched before Labor Day. The positive experience with that tool—and the seamless LP adoption it delivered—made expanding to subdoc automation a natural next step.

Cody and the team worked with Vessel to design a customized onboarding flow that addressed their specific needs. A key requirement was creating separate streams for different investor types—natural persons versus entities—reflecting how their subscription documents actually flow. Vessel's platform accommodated this complexity while keeping the LP experience simple.

The implementation included DocuSign integration embedded directly in the platform, Plaid-based identity verification to automate KYC collection, and AML screening—all coordinated to work seamlessly with their fund administrator Citco. The timeline from kickoff to live platform: just two weeks.

Mid-Story Quote

"We'd already seen how easy the data room was for our LPs. So when it came time to automate our subscription documents, it was a no-brainer to do it through Vessel — and we were live in two weeks.”

Cody Odening Operations Lead, Tortuga Growth Partners

Results

"We're onboarding natural persons, entities, U.S. and non-U.S. investors across multiple vehicles — and Vessel handles all of that complexity behind the scenes. From our LPs' perspective, it's just a clean, guided experience.”

Cody Odening Operations Lead, Tortuga Growth Partners

Simplified Experience for Diverse Investors TGP's investor base spans sophisticated institutions with dedicated teams and family offices encountering subscription documents for the first time. Vessel's online form approach transforms a daunting PDF into a guided experience—particularly valuable for less experienced investors who previously found subdocs intimidating.

Unified Multi-Vehicle Fundraising With Fund 1, Project 2, and future SPVs all managed through a single platform, TGP can onboard investors across different vehicles without duplicating effort. Investors who commit to multiple opportunities benefit from data persistence—their information carries forward without re-entry.

Streamlined Document Collection The previous process required manual procurement of identification documents, coordination of corporate resolutions, and email-based follow-ups. Vessel's automated verification through Plaid and integrated document collection eliminates these manual touchpoints.

"Some of our investors have never filled out a subscription document before. Vessel turns what used to be a daunting PDF into something they can actually navigate — that changes the whole onboarding experience.”

Cody Odening Operations Lead, Tortuga Growth Partners

Real-Time Visibility Across Geographies With fundraising activities spanning Mexico City, Dubai, Asia, and North America, having a centralized view of LP progress is essential. The platform provides visibility into who has accessed materials, where they are in the signing process, and what documentation remains outstanding.

Seamless Fund Administrator Integration Vessel's KYC automation and AML screening are designed to integrate with Citco's compliance requirements, reducing the back-and-forth that typically occurs between GPs, LPs, and fund administrators.

Data Room Success Extended The data room feature had already proven its value, with LPs navigating materials easily and the team tracking engagement through built-in analytics. Extending to subdoc automation builds on that foundation of LP comfort with the platform.

Impact

For a firm in active fundraising mode with an aggressive timeline, every week of friction in the onboarding process represents potential delays to closing. Vessel's platform positions Tortuga Growth Partners to convert verbal commitments to signed documents faster—directly impacting their ability to reach their $100 million first close target.

"We told them we needed to be live before our first close, and the Vessel team made it happen. DocuSign, identity verification, AML screening — everything was integrated and ready in two weeks.”

Cody Odening Operations Lead, Tortuga Growth Partners

Looking ahead, the infrastructure TGP has built with Vessel scales beyond Fund 1. As they plan their 1B closing in Q1 2026 and launch additional vehicles, returning LPs will benefit from their stored information—what previously required a full re-submission will take minutes.

For an emerging manager building institutional-quality operations from day one, having a modern LP experience signals to investors that TGP operates at the level their ambitions demand.