Tritium Partners LP said Wednesday that its debut fund closed at its hard cap of $309 million. Investors of Tritium I LP include retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies. Austin-based Tritium focuses on investments in sectors such as Internet and information services, supply chain and logistics, and financial and business services. Credit Suisse Securities (USA) LLC was placement agent.
Austin, TX (November 18, 2015) – Tritium Partners, LP (“Tritium”), a private equity firm specializing in buyouts of growth companies in the lower middle market, announced its final closing on its inaugural fund – Tritium I, L.P. – with $309 million of committed capital. The fund’s investors include leading retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies. The fund was oversubscribed and closed at its hard cap.
Tritium continues the investment strategy its founders have employed for over a decade of acquiring majority positions in growth companies in industries where the team has significant domain expertise. The firm invests primarily in Internet and information services, supply chain and logistics, and financial and business services. The team is maintaining its focus on proactively partnering with talented founders and executives who want to accelerate growth and build market-leading companies.
“We are excited to have the support of a prestigious group of institutional investors as we launch our inaugural fund,” said Philip Siegel, Managing Partner and Co-Founder of Tritium. “They share our belief in the compelling investment opportunities that exist in the lower middle market and the advantage that Tritium has in realizing those opportunities with our growth-focused investment approach.”
Tritium I, L.P. currently has four companies in its investment portfolio.
“Our track record and partnership-oriented approach to building growth companies resonates with proven business leaders and talented founders,” said David Lack, Managing Partner and Co-Founder of Tritium. “Our focus on a handful of investment sectors provides the experience and strategic insights which we use to help our teams accelerate organic growth and enhance value through complementary acquisitions. This has proven to be a winning formula for all stakeholders.”
Credit Suisse Securities (USA) LLC acted as exclusive placement agent for the fund. Weil, Gotshal & Manges LLP acted as legal counsel.
About Tritium Partners
Founded in 2013, Tritium Partners (www.tritiumpartners.com) is a private equity firm focused on buyouts of growth companies in the lower middle market. For over a decade, the founders of Tritium have deployed over $700 million of equity capital while partnering with talented founders and executives to build market-leading companies. Tritium’s investment approach emphasizes acquiring majority positions in profitable companies and creating long-term value through internal growth initiatives and acquisitions, with a particular focus on three core sectors: Internet and information services, supply chain and logistics, financial and business services.