Trivest Partners closes Growth Investment Fund III with $730 Million of Capital Commitments

– Trivest Partners announced the closing of Trivest Growth Investment Fund III (TGIF III) with total capital commitments of $730 million.

– TGIF III was oversubscribed, primarily due to strong support from Trivest’s existing investors.

– The fund’s closing was completed in a single close, taking less than 60 days from its initial launch.

– Limited partners for TGIF III include endowments, corporate pensions, insurance companies, funds of funds, family offices, and individual investors.

– TGIF III is Trivest’s thirteenth institutional private equity fund, increasing its total assets under management to approximately $6.1 billion.

– Trivest specializes in “Private Equity for Founders,” focusing on growth-oriented, lower middle-market businesses across the U.S. and Canada.

– The firm employs its “Path to 3x” methodology, aimed at enhancing value for its investors.

– Trivest’s team has closed over 180 investments and exits in the past three years.

– TGIF III is Trivest’s third and largest fund dedicated to non-control investments in founder and family-owned businesses.

– TGIF III is set to expand Trivest’s reach to more founder/family-owned businesses across North America with EBITDA greater than $4 million.

– Jamie Elias, Managing Partner, emphasizes Trivest’s non-control investing approach and the support from limited partners.

– Partner Amir Mirheydar highlights TGIF III’s role in expanding Trivest’s portfolio of fast-growing businesses.

– Shannon Advisors served as the placement agent, and Kirkland & Ellis LLP acted as fund counsel.