MIAMI--(BUSINESS WIRE)--Trivest Partners (“Trivest” or the “Firm”) announced the closing of Trivest Growth Investment Fund III (“TGIF III” or the “Fund”) at $730 million of total capital commitments (including Trivest and its affiliates’ commitments). TGIF III was meaningfully oversubscribed primarily due to the strong support of Trivest’s current investor base and was largely completed in a single close, less than 60 days from initial launch. The limited partners for the Fund include endowments, corporate pensions, insurance companies, funds of funds, family offices and individuals. TGIF III represents Trivest’s thirteenth institutional private equity fund and brings Trivest assets under management to approximately $6.1 billion following TGIF III’s closing.
Trivest focuses on providing “Private Equity for Founders” across the United States and Canada. The Firm has refined a disciplined strategy focused on investing in high quality, growth-oriented, lower middle market businesses. Trivest actively employs established processes, including its systematic Path to 3x value creation methodology to drive investment returns for its stakeholders. The Firm and its team of more than 95 professionals is highly active, closing more than 180 new investments and exits over the past three years.
TGIF III is Trivest’s third and largest fund focused on non-control investments in founder/family-owned businesses. TGIF offers a differentiated approach for founders/families seeking a growth partner. TGIF III is expected to provide Trivest with the opportunity to expand the Firm’s reach and capabilities to even more founder/family-owned businesses across North America.
“TGIF was Trivest’s first fund extension eight years ago and since that time it has become clear that our differentiated approach to non-control investing, stressing simplicity, is a large opportunity for our Firm. We are extremely gratified and thankful for the level of support from Trivest’s limited partners in this most recent fundraise. With four different investment approaches now under the Trivest brand, we believe the breadth of solutions we can provide founders is extensive,” says Jamie Elias, Managing Partner and leader of Trivest’s non-control investment funds.
“With TGIF III, we are excited to forge new partnerships and expand our impressive portfolio of fast-growing businesses, backed by Trivest’s established value enhancement initiatives,” says Amir Mirheydar, Partner, who co-leads the Fund’s investment activities with the support of a dedicated internal team.
Shannon Advisors acted as placement agent for the Fund and Kirkland & Ellis LLP served as fund counsel.
About Trivest
Trivest Partners, headquartered in Miami with a presence in Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada. The Firm manages four distinct funds which cover the lower-middle market. These include the Discovery, Mid-Market, and Recognition funds for control investments; and TGIF for non-control transactions. Learn more at www.trivest.com
Disclaimer
Certain information herein was provided by third parties and certain statements reflect the beliefs of Trivest Investment Advisors, LLC (together with its advisory affiliates, “Trivest”) as of the date hereof, which are based on prior experience and certain assumptions that Trivest believes are reasonable but may prove incorrect. The information presented above is only for informational and educational purposes and is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. Additionally, the above information is not intended to provide, and should not be relied upon for investment, accounting, legal, tax or other advice. Trivest makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. There can be no assurances that the Fund will be able to implement its investment strategy or achieve its investment objectives, and there can be no assurance that investors will not lose any or all of their invested capital. Moreover, there can be no assurances that any plans or expectations described herein, including information related to the Fund’s investment pipeline, will be realized as expressed herein or at all, and all such plans are subject to uncertainties and risks.
