Trilantic Capital Partners raises USD2.2bn
Trilantic Capital Partners has held the closing of Trilantic Capital Partners V (North America) LP, a USD2.2bn private equity fund investing in the business services, consumer, energy and financial services sectors.
Fund V North America exceeded its initial target of USD2.0bn and the size of its previous fund of USD1.9bn.
Trilantic V North America is Trilantic's first standalone fund following its emergence from Lehman Brothers Merchant Banking in 2009.
"We saw strong interest from both current and new investors in this round of fundraising," says Charlie Ayres, chairman of the Trilantic executive committee. "We are grateful for this capital and look forward to continuing our differentiated investment approach focused on patient and flexible capital."
In Fund V North America, approximately one half of the commitments are from new investors and more than one-quarter from foreign LPs. The fund's diverse LP base includes public and private pension plans, sovereign wealth funds, insurance companies, corporations, not-for-profit organisations, family offices and high net worth individuals.
The fund will focus on proprietary investment opportunities to maintain a diversified portfolio, with a strong emphasis on partnering with proven management teams, entrepreneurs and family-owned business and providing flexible capital best suited for the growth strategy of each company.
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