Trinity Hunt Hits Hard Cap

Trinity Hunt Partners has held a final closing of its fifth fund, Trinity Hunt Partners V LP, at an oversubscribed $350 million in capital commitments. The new fund exceeded its initial target of $300 million and closed at the hard cap.

Investors in Fund V, which received strong demand from both existing and new investors, include insurance companies, pension funds, endowments and foundations, consultants, fund of funds, family offices, high net worth individuals, and several former portfolio company executives. The firm’s earlier fund, Trinity Hunt Partners IV LP, closed in December 2013 with $211 million in capital commitments.

Dallas-based Trinity Hunt invests in founder and family-owned companies that have EBITDAs between $5 million and $25 million. Sectors of interest include business services, healthcare, consumer, and industrial (www.trinityhunt.com).

“We believe the strong demand for Fund V is the result of our differentiated sourcing, cohesive team and solid track record,” said Dan Dross, Managing Partner of Trinity Hunt. “Fund V has already completed two platform investments and we anticipate generating additional compelling investment opportunities. We look forward to working with our management partners to build founder and family-owned businesses into market leaders.”

The first two portfolio companies for Fund V are Improving Holdings (acquired in July 2018), a Plano, TX-based IT services firm that provides training, consulting, recruiting, and project services (www.improving.com); and Veracity Research Company (acquired in August 2018), a Denton, TX-based provider of investigative services (www.vrcinvestigations.com).

Credit Suisse Securities (USA) was the placement agent for this fundraise and Jones Day provided legal services.

With the close of Fund V, Trinity Hunt now has $775 million of capital under management.

© 2018 Private Equity Professional | October 4, 2018

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