EP036: TimesSquare ($TSCM): The Woman in the Arena with Co-PM Sonu Chawla

Against all odds, Sonu has shined at every step of her career. From getting into the Indian Institute of Technology to becoming a Co-PM at TimesSquare Capital Management.We get into what it's like to stand in the Wall Street arena everyday after proving the “nah-sayers” wrong. And why she invests in mid-cap equities at TimesSquare Capital Management and the benefits of being early to investing in a transformational, high-growth company.“It was a master class in trying to adapt to a world which did not look like you,”“Working hard like someone who had been repeatedly doubted and told that there were others in line ahead.”“I'm a student.  What drives me is intellectual curiosity. I want to learn and get better every day.”“I want to show up every day in the arena.”ETF: TSCMTickers: ARGX, SNOW*Not Investment Advice. ______________________________________________________________________ [00:00:00] Sonu Chawla's early interest in investing and journey through the Indian Institute of Technology.[00:01:50] How consulting at Deloitte led to a career in professional investing.[00:03:43] Growing up in a small town in India, overcoming barriers, and the importance of persistence and mentorship.[00:08:46] Resilience, learning from mistakes, and what continues to motivate Sonu as an investor.[00:10:32] Why TimesSquare Capital focuses on mid-cap growth investing and the long-term case for the asset class.[00:14:27] TimesSquare's analyst-driven investment process and how the team develops investment ideas.[00:19:26] Lessons from hedge fund investing and the importance of valuation discipline.[00:21:09] Sonu's quality growth investment philosophy and investing before profitability inflection points.[00:21:58] The Argenx case study and identifying businesses early in their scaling journey.[00:25:08] How deep sector expertise helps analysts build conviction through primary research.[00:26:24] Why specialized industry knowledge is the firm's competitive advantage.[00:28:30] Launching the TimesSquare Quality Mid-Cap Growth ETF and why active ETFs appeal to investors.______________________________________________________________________Pitch The PM Episode Links:Doug Garber on LinkedIn: https://www.linkedin.com/in/doug-garber-42aa508 📩 Subscribe to our Substack for research updates and new high-conviction episodes from top PMs, and our Job Board: ⁠https://pitchthepm.substack.com/⁠TimesSquare Links:Sonu Chawla on LinkedIn: https://www.linkedin.com/in/sonu-chawla-cfa-0093612/TimesSquare: https://tscmllc.com/