Insight

Trivest wraps up recognition fund at $1.3bn

Trivest Recognition Fund will focus on exclusively on founder-led and family-owned businesses with EBITDA greater than $15 million.

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  • The fund’s LPs include endowments, corporate and public pensions, insurance companies, funds of funds, family offices and individuals
  • Shannon Advisors acted as placement agent for the fund and Kirkland & Ellis LLP served as counsel
  • Based in Miami, Trivest invests in the lower middle market

Trivest Partners has closed its recognition fund at a hard cap of $1.3 billion.

Trivest Recognition Fund will focus on exclusively on founder-led and family-owned businesses with EBITDA greater than $15 million.

The fund’s limited partners include endowments, corporate and public pensions, insurance companies, funds of funds, family offices and individuals.

This fundraising brings Trivest assets under management to approximately $5.5 billion.

“We couldn’t be more pleased with the support we received from all of the Recognition Fund investors,” said Trivest Managing Partner Troy D. Templeton in a statement. “Achieving our hard cap during one of the most challenging fundraising markets in history is a testament to what our team has built over the past four decades at Trivest.”

Shannon Advisors acted as placement agent for the fund and Kirkland & Ellis LLP served as counsel.

Based in Miami, Trivest invests inthe lower middle market.