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Trive Capital racks up $1 bln for third fund

Trive Capital Management has closed its oversubscribed third fund at $1 billion, beating its $750 million target.

The Dallas-based private equity firm is focused on investing in lower middle-market companies headquartered in North America.

According to Trive, the firm invests between $10 million and $150 million in equity or debt per platform.

In September 2015, Trive raised $500 million for its second fund, beating its $500 million target, as previously reported by PE HUB. No performance data was available on Fund II.

Trive manages over $2 billion in capital.

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