Trilantic Capital closes fifth fund at $2.2 bln, ahead of target

Firm name: Trilantic Capital Partners

Fund: Trilantic Capital Partners V (North America) LP

Target:$2.0 bln

Close: $2.2 bln


Trilantic Capital Partners V (North America) LP exceeded its initial target of $2.0 billion and is also bigger than its predecessor fund, which closed at $1.9 billion, the firm said in a prepared statement

Fund V is the firm’s first stand-alone fund since it emerged from Lehman Brothers, which filed for bankruptcy in September 2008.

”“We saw strong interest from both current and new investors in this round of fundraising,” Charlie Ayres, chairman of the firm said in the statement.

About half of the commitments in Fund V came from new investors, while more than a quarter came from non-U.S. LPs, he said.

Trilantic Capital Partners is focused on the business services, consumer, energy, financial services and media and telecommunications sectors. The firm currently has about $6 billion in committed capital.