TriGuard Management has held a first and final close on its sixth multi-niche secondary fund called Montauk TriGuard Fund VI on $500 million. The fund beat its $400 million target.
TriGuard Management LLC (“TriGuard”) today announced the first and final closing of its sixth multi-niche secondary fund, Montauk TriGuard Fund VI (“Fund VI”). Fund VI was significantly oversubscribed several months after launching, closing ahead of its $400 million target with $500 million of limited partner commitments. Fund VI received strong backing from a diversified group of existing and new investors, including public and corporate pension plans, insurance companies, endowments, foundations, family offices and high net worth individuals.
Ronn Cornelius, Co-Managing Partner, said, “We are fortunate to have such a sophisticated, diverse group of limited partners in Fund VI, many of whom have been loyal partners over multiple funds. We will remain dedicated to our disciplined multi-niche strategy that is focused on delivering strong returns for our investors.” Samuel Tang, Co-Managing Partner, added: “We want to thank our existing consultants and investors for stepping-up, and we want to welcome a new group of thought-leading consultants and investors to Fund VI.”
Over the last 15 years, TriGuard and its affiliates have raised $1.5 billion through six dedicated funds and have developed a reputation as a partner of choice for specialized and/or complex secondary transactions. Like its five predecessor funds, Fund VI will continue its proven, multi-niche investment strategy in tertiary liquidity, consortia carve-outs and strips, specialty funds, small transactions, seasoned tail-ends and fund manager liquidity.
TriGuard was advised by Proskauer Rose.
TriGuard Management LLC
TriGuard Management LLC is an independently-owned private equity investment management firm. TriGuard’s investment philosophy is to pursue niches that generate top-quartile returns and strong cash flows through various economic cycles. Montauk TriGuard, the firm’s highly proprietary secondary fund series, is a leader in niche private equity secondary transactions utilizing a multi-niche investment strategy focusing on tertiary liquidity, consortia carve-outs and strips, specialty funds, small transactions, seasoned tail-ends and fund manager liquidity. For additional information, please visit TriGuard’s website at www.montauktriguard.com.