Trivest Partners Closes Trivest Growth Investment Fund III at $730 Million

Trivest Partners, a private investment firm, has successfully closed its Trivest Growth Investment Fund III (TGIF III) at $730 million. The fund was oversubscribed and completed in less than 60 days from initial launch, with a significant backing from Trivest’s current investor base. TGIF III marks Trivest’s thirteenth institutional private equity fund and brings the firm's assets under management to approximately $6.1 billion.

Trivest focuses on providing 'Private Equity for Founders' in the U.S. and Canada, with a strategic emphasis on investing in high-quality, growth-oriented, lower middle market businesses. TGIF III represents the firm’s third and largest fund dedicated to non-control investments in founder/family-owned businesses, aiming to expand their reach and capabilities across North America. The fund's limited partners include endowments, corporate pensions, insurance companies, funds of funds, family offices, and individuals.

With TGIF III, Trivest aims to establish new partnerships and expand its portfolio of fast-growing businesses, leveraging its established value enhancement initiatives. Shannon Advisors acted as the placement agent for the fund, and Kirkland & Ellis LLP served as fund counsel.

Trivest Partners, headquartered in Miami, specializes in supporting and growing founder-led and family-owned businesses in the U.S. and Canada, managing four distinct funds covering the lower-middle market. Trivest's four funds include the Discovery, Mid-Market, and Recognition funds for control investments, and TGIF for non-control transactions.