Trilantic Capital Partners has held a final closing of Trilantic Capital Partners V (North America) LP (Fund V) with $2.2 billion in capital commitments.
Fund V exceeded its initial target of $2.0 billion and the size of its previous fund of $1.9 billion. Fund V is Trilantic’s first stand-alone fund following its emergence from Lehman Brothers Merchant Banking in 2009.
“We saw strong interest from both current and new investors in this round of fundraising,” said Charlie Ayres, Chairman of the Trilantic Executive Committee. “We are grateful for this capital and look forward to continuing our differentiated investment approach focused on patient and flexible capital.”
Approximately one-half of the capital commitments for Fund V are from new investors and more than one-quarter from foreign limited partners. The fund’s limited partner base includes public and private pension plans, sovereign wealth funds, insurance companies, corporations, not-for-profit organizations, family offices and high net worth individuals.
Trilantic Capital Partners makes control and significant minority investments in North America and European companies that have enterprise values of $100 million to $1 billion. Sectors of interests include business services, consumer, energy, financial services and media & telecommunications sectors. Trilantic was formed in 2009 by the former principals of Lehman Brothers Merchant Banking. Since its inception, Trilantic has made 14 new investments in North America and six in Europe. Trilantic currently manages four institutional private equity funds with aggregate capital commitments of $6 billion. The firm is based in New York (www.trilantic.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-10-13
