Trinity Hunt wraps up $618m continuation fund

• The fund’s lead backers are StepStone Group and Schroders Capital
• Credit Suisse served as financial advisor to Trinity Hunt
• Trinity Hunt is focused on business, healthcare, and consumer services companies

Trinity Hunt Partners has closed its initial continuation fund at $618 million.

The fund will be used to back the acquisitions of two tech servicdes companies Argano and Inproving.

The fund’s lead backers are StepStone Group and Schroders Capital.

“The closing of our first continuation fund is an important milestone for Trinity Hunt,” said Managing Partner Blake Apel, in a statement. “We are extremely proud of the success that these two leading companies have achieved thus far in our partnerships together, and the attractive returns we have been able to provide to our existing investors. We believe there is additional value at these companies that can be unlocked with additional time and capital.”

Credit Suisse served as financial advisor to Trinity Hunt while Kirkland & Ellis provided legal advice. Plimpton LLP provided legal counsel to StepStone, while Proskauer provided legal counsel to Schroders Capital.

Argano is a digital consultancy focused on optimizing client operations by modernizing, integrating and automating their digital foundations.

Improving is a modern digital services organization focused on delivering impactful business solutions using the latest technologies.

Trinity Hunt has over $1.5 billion of assets under management. The private equity firm is focused on business, healthcare, and consumer services companies.