Montauk TriGuard Closes Fund 6 at Hard Cap

Montauk TriGuard Closes Fund 6 at Hard Cap

montauk nf1TriGuard Management has held a first and final closing of its sixth multi-niche secondary fund, Montauk TriGuard Fund VI.

Fund VI was oversubscribed several months after launching and closed ahead of its $400 million target with $500 million of limited partner commitments.  The firm’s earlier fund, Montauk TriGuard Fund V, closed on just over $300 million of limited partnership interests in July 2011.

Like its five predecessor funds, Fund VI will continue its multi-niche investment strategy by investing in tertiary liquidity, club carve-outs and strips, specialty funds (mezzanine, infrastructure, energy/power, real estate, healthcare, media, financial, SBIC, and international), small transactions (purchase price of under $10 million), seasoned tail-ends and fund manager liquidity.

Fund VI received strong backing from a diversified group of existing and new investors, including public and corporate pension plans, insurance companies, endowments, foundations, family offices and high net worth individuals.

“We are fortunate to have such a sophisticated, diverse group of limited partners in Fund VI, many of whom have been loyal partners over multiple funds,” said Ronn Cornelius, Co-Managing Partner.  “We will remain dedicated to our disciplined multi-niche strategy that is focused on delivering strong returns for our investors.”

Over the last 15 years, TriGuard and its affiliates have raised $1.5 billion through six dedicated funds.  The firm is based in Irvine, CA (

“We want to thank our existing consultants and investors for stepping-up, and we want to welcome a new group of thought-leading consultants and investors to Fund VI,” said Samuel Tang, Co-Managing Partner.

© 2014 PEPD • Private Equity’s Leading News Magazine • 5-5-14

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