Insight

Tritium wraps up third fund at $684m

Tritium III's limited partners include retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies.

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  • As a result of this fund-closing, Tritium now manages nearly $1.5 billion of capital commitments across its funds
  • Weil, Gotshal & Manges LLP acted as legal counsel
  • Tritium focuses on tech and services companies

Tritium Partners has closed its third fund at $684 million.

Tritium III’s limited partners include retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies.

As a result of this fund-closing, Tritium now manages nearly $1.5 billion of capital commitments across its funds.

Tritium focuses on tech and services companies.

“We are extremely excited to have received such strong support from current Tritium investors and are proud of the new investors we have added,” said Philip Siegel, managing partner and co-founder of Tritium., in a statement “Tritium’s limited partners share our belief that growth-focused investing in the lower middle market offers opportunities for those willing to do the hard work required to scale businesses with great potential.”

Weil, Gotshal & Manges LLP acted as legal counsel.

Founded in 2013, Tritium Partners has nearly $1.5 billion of committed capital raised. The private equity firm is based in Austin, Texas and Lehi, Utah.