Trivest Partners has held the first and final closing of the Trivest Growth Investment Fund (TGIF) with USD225 million of total equity capital commitments.
TGIF is Trivest’s 11th overall fund, sixth institutional fund and fourth fund focused on founder/family-owned investments.
TGIF will target growth and non-control investments among founder-owned businesses.
Due to strong support from Trivest’s existing investors, plus a few new limited partners, TGIF more than doubled its original target of USD100 million. The fund includes a mix of limited partners including endowments, corporate and public pensions, insurance companies, fund of funds, family offices and individuals. Additionally, the partners of Trivest have committed to invest substantial capital alongside TGIF.
Trivest continues to see an increasing number of investment opportunities from business brokers, lawyers, accountants and others. TGIF will enable Trivest to tap into a significant, increasing number of investment opportunities previously not addressable from the firm’s traditional buyout funds.
“We are extremely pleased with the results of our fundraising and look forward to investing TGIF,” says Troy Templeton, Trivest’s managing partner. “We believe TGIF should be an attractive investment opportunity that will benefit from a number of key drivers, including the large number of founder/family-owned businesses with a limited amount of institutional capital targeted to investing in growth and non-control situations, an excellent risk/return profile that has been demonstrated in the market from growth equity investments and consistent value creation opportunities.”
