– Trive Capital, a Dallas-based private equity firm, announced the final closing of Trive Capital Fund V, LP with $2.7 billion in total commitments, exceeding its $2.5 billion target.
– The predecessor fund closed in April 2022 with $2.0 billion in commitments.
– Fund V continues Trive’s strategy of investing in middle-market companies using a sector-agnostic but situation-specific approach.
– The fund focuses on value creation through a hands-on operational model.
– Fund V has already made seven investments reflecting Trive’s off-the-run sourcing and operationally focused strategy.
– Across all funds over the past year, Trive completed 10 platform investments, 19 add-on investments, three exits, and dividend recapitalizations.
– Notable exit includes the successful IPO of Karman Space & Defense.
– Conner Searcy, Co-Founder and Managing Partner, credited the strong support of existing and new Limited Partners worldwide.
– Chris Zugaro, Co-Founder and Partner, emphasized the importance of Trive’s flexible structuring, hands-on approach, and industry expertise.
– Campbell Lutyens served as global placement agent; Ropes & Gray LLP acted as fund counsel.
