Miami-based private equity firm Trivest Partners has announced the final closing of its USD325m Trivest Fund IV, exceeding both the initial target of USD300m and the amount raised for Triv
Miami-based private equity firm Trivest Partners has announced the final closing of its USD325m Trivest Fund IV, exceeding both the initial target of USD300m and the amount raised for Trivest Fund III thanks to strong support from existing investors and demand from new limited partners.
Trivest Partners’ investing activities will continue to focus on founder- or family-owned businesses located in the US and Canada. To date, Trivest Fund IV has already invested more than 20 per cent of its committed capital in platform companies.
The fund’s investors include corporate pension schemes, fund of funds, endowments and foundations, family offices and financial institutions. Anchor investors include Morgan Creek Capital Management, Parish Capital, AIG Investments, Credit Suisse, Southern Farm Bureau Life Insurance and GE Equity.
‘We are grateful for the continued support of our current investors and for the interest shown in Fund IV by our new limited partners,’ says managing partner Troy Templeton. ‘The quality and diversity of this group speaks to Trivest Partners’ proven strategy to focus its investments in founder/family owned companies where the firm can assist in creating value during its ownership period.’
Hudson Partners Securities acted as a placement agent for the fund’s limited partnership interests, while Greenberg Traurig provided legal counsel. Since its establishment in 1981, Trivest Partners has completed more than 145 transactions with a total value of nearly USD4bn.
