Trivest Partners Closes Trivest Fund VI at $600 Million
September 20, 2017
MIAMI–(BUSINESS WIRE)–Trivest Partners (“Trivest” or the “Firm”) announced the first and final closing of Trivest Fund VI with $600 million of total capital commitments. Fund VI is Trivest’s twelfth overall fund, seventh institutional fund and fifth fund focused on founder/family-owned investments. Significant support from Trivest’s existing investors contributed to a streamlined and efficient fundraise. Fund VI includes a diversified mix of limited partners including endowments, corporate and public pensions, insurance companies, funds of funds, family offices and individuals. Additionally, the partners of Trivest have committed to invest substantial capital in Fund VI.
Over the past fifteen years, Trivest has asserted its position as the partner of choice for founder/family business owners across North America. Trivest has refined a disciplined strategy focused on investing in high quality, growth-oriented, lower middle market businesses. The Firm’s experienced and growing team actively employs unique deal sourcing techniques, including Trivest’s “Just Say No” program, and systematic value creation initiatives such as the “Path to 3x” to drive investment returns for its investors.
“We are extremely pleased with the results of our fundraising efforts,” said Troy Templeton, Trivest’s Managing Partner. “It is clear that Trivest’s differentiated strategy is resonating with both business owners and limited partners. The number of founders seeking sound advice for the future of their businesses is growing. With Fund VI for control investments and TGIF for growth and non-control opportunities, Trivest can provide a full spectrum of investment solutions.”
Trivest will continue to target founder/family-owned businesses in the manufacturing, distribution, business/healthcare services and consumer industries located throughout the U.S. and Canada. Trivest seeks to be the first institutional investor in its platform investments, which it has achieved over 100 times since 2000. In the vast majority of these instances, the Founders/CEOs of these businesses reinvested alongside Trivest.
Shannon Advisors acted as placement agent for the Fund and Greenberg Traurig served as fund counsel.
Trivest Partners is a private investment firm that focuses on partnering with founder/family-owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $5.5 billion in value. For more information, visit www.trivest.com.