Trivest Partners has added Greg Baty to the firm as its newest partner. Prior to joining Trivest, Mr. Baty was a Principal at Hamilton Lane where he managed the firm’s South Florida office.
Over the past decade, Trivest has completed numerous acquisitions and investments in founder and family owned businesses. The firm continues to see an ever increasing number of investment opportunities from business brokers, lawyers, and accountants. According to Trivest, the natural evolution of the firm’s development and expansion will be investing across a wider spectrum of opportunities, including control, non-control and growth investments.
Mr. Baty will lead Trivest’s non-control and growth investments efforts. “I am excited to join the Trivest team,” said Mr. Baty. “The firm has built the definitive brand in private equity for founder and family owned businesses and now we will use the decades of our combined expertise to capitalize on non-control and growth opportunities.”
“Pursuing growth and non-control investments will allow us to capitalize on Trivest’s significant and previously untapped deal flow in this area. We are thrilled to have an investor of Greg’s caliber leading this brand extension and look forward to the significant benefits his addition will bring to our investors and firm,” said Troy Templeton, Trivest’s Managing Partner.
In 2009, the Florida State Board of Administration selected Hamilton Lane as the General Partner of the Florida Growth Fund (FGF), a $250 million investment vehicle focused on Florida private equity opportunities. Under Mr. Baty’s leadership, the FGF successfully invested the initial $250 million of capital and followed this effort with two subsequent allocations of $250 million. In total the FGF made 30 direct investments in operating companies.
Prior to Hamilton Lane, Mr. Baty held investment positions in both private equity and venture finance. He also played nine years as a professional football player in the National Football League. He was drafted by the New England Patriots in 1986 and made three all-rookie teams. He finished his career with the Miami Dolphins. Mr. Baty received both an undergraduate and master’s degree from Stanford University.
The addition of Mr. Baty follows the promotion last month of Jorge Gross to Partner. Mr. Gross joined Trivest in 2006 and was previously a Principal at the firm. He has worked closely with several Trivest investments including AM Conservation, ATX Networks and Hazmasters.
Trivest makes control and non-control investments in founder or family owned businesses in the United States and Canada that have revenues of at least $25 million and cash flows of at least $5 million. Sectors of interest include business services, niche manufacturing, consumer products, and franchisors. The firm was founded in 1981 and has completed more than 225 transactions totaling over $5.5 billion in value. Trivest is headquartered in Miami (www.trivest.com).
© 2016 Private Equity Professional • 2-17-16