Trive Surges to Fund 3 Close

Trive Capital has held a final closing of Trive Capital Fund III LP with $1 billion of capital commitments. The new fund reached its hard-cap in just over three months and was oversubscribed from its initial $750 million target.

“We are grateful for our supportive group of global institutional investors who have demonstrated continued confidence in the value creation capability of our firm. We believe the significantly over-subscribed fund drew interest from investors attracted to our deep value investing approach, quality of the Trive team and prior firm success deploying an operationally-focused investment strategy,” said Conner Searcy, Managing Partner. “In Fund III, we will continue to invest in strategically viable, middle market companies tailoring bespoke, creative capital structure solutions, including both equity and debt.”

Trive Capital invests from $10 million to $150 million of debt or equity in North American headquartered companies with revenues of $40 million to $1 billion. The firm is industry-agnostic but has specific experience in the following sectors: aerospace and defense, automotive, building products, business services, chemicals, construction and infrastructure, consumer goods, energy services, food and beverage, healthcare, plastics and packaging, and transportation and logistics. Trive has not yet closed on any portfolio companies for Fund III.

“We look forward to applying our collaborative, hands-on operational model and flexible capital to lower middle market businesses throughout Fund III. We expect to continue executing on our disciplined, special-situations approach and are excited to bring a skill set into our investments which we believe is absent in many middle market companies,” said Chris Zugaro, Partner.

Trive Capital’s earlier funds, Trive Capital Fund II LP and Trive Capital Fund II (Offshore) LP, closed with $500 million of capital commitments in September 2015. The funds reached their collective hard-cap in three months and beat the initial target of $400 million.

Trive Capital was founded in 2012 by Conner Searcy and Chris Zugaro and is based in Dallas (www.trivecapital.com).

© 2017 Private Equity Professional | October 3, 2017

Print Friendly, PDF & Email

Related Articles

Go Froth and Prosper? Middle market deal valuations continued to show signs of plateauing in the third quarter of 2018, according to GF Data’s just-released November report...
Littlejohn Closes Fund VI Littlejohn & Co. has held a final closing of Littlejohn Fund VI LP with $2.84 billion of committed capital, exceeding the fund’s target of $2.5 bi...
KPS Names New Partners KPS Capital Partners has promoted Raquel Palmer to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner. KPS Capital ...
Crossplane Launched in Dallas Crossplane Capital, a new lower-middle market private equity firm, has been launched in Dallas. The new firm was founded by partners Brian Hegi and Be...
Roark Closes New Funds Roark Capital Group has completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, with a t...
Peloton Formed by Ex-OTPP Pros Two former managers of Ontario Teachers’ Pension Plan have launched Peloton Capital Management to invest in mid-market buyouts in Canada and the US. ...