Trivest Partners has closed its fourth fund with $325 million in capital commitments. The Miami-based firm focuses on founder/family-owned business in North America, and had raised just under $320 million for its third fund in 2001. Hudson Partners served as placement agent, while limited partners include Morgan Creek Capital Management, Parish Capital, AIG Investments, Credit Suisse, Southern Farm Bureau Life Insurance Co. and GE Equity.
Trivest Partners, a Miami based private equity firm, announced the final closing of its $325 million Trivest Fund IV. Due to strong support from existing investors and demand from new limited partners, the final amount exceeded both the initial goal of $300 million and the amount raised for Trivest Fund III. Trivest Partners’ investing activities will continue to focus on founder/family owned businesses located in the United States and Canada. To date, Trivest Fund IV has already invested over 20% of committed capital in platform companies.
Fund IV’s investors represent a diversified base of corporate pensions, fund of funds, endowments/foundations, family offices and leading financial institutions. Anchor investors include Morgan Creek Capital Management, Parish Capital, AIG Investments, Credit Suisse, Southern Farm Bureau Life Insurance Co. and GE Equity.
“We are grateful for the continued support of our current investors and for the interest shown in Fund IV by our new limited partners. The quality and diversity of this group speaks to Trivest Partners’ proven strategy to focus its investments in founder/family owned companies where the Firm can assist in creating value during its ownership period,” said Managing Partner Troy Templeton.
Hudson Partners Securities acted as a placement agent for Fund IV’s limited partnership interests and Greenberg Traurig provided legal counsel.
Trivest Partners is a private equity firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest Partners has completed more than 145 transactions, totaling nearly $4.0 billion in value. For additional information, please visit www.trivest.com.