Trinity Hunt has closed its sixth fund, Trinity Hunt Partners VI LP, at its hard cap of $460 million. The new fund was oversubscribed and closed above its original target of $400 million.
Limited partners in Fund VI include insurance companies, pension funds, endowments and foundations, consultants, fund of funds, family offices, and high-net-worth individuals.
“We are grateful for the strong demand for Fund VI which allowed us to raise the fund very quickly,” said Blake Apel, the managing partner of Trinity Hunt. “The outcome is a testament to the impressive performance of our highly talented investment team, support team, and network of valued partners, which include portfolio company executives, lenders, buy-side advisors, diligence providers, and value creation consultants. We collectively look forward to a bright future ahead as we invest Fund VI.”
Dallas-based Trinity Hunt invests in founder and family-owned companies that have EBITDA between $4 million and $25 million. Sectors of interest include business, healthcare, and consumer services. Trinity Hunt’s earlier fund closed in September 2018 at its hard cap of $350 million.
Fund VI has not yet acquired any platform companies, but a recent transaction closed by Trinity Hunt was the July add-on acquisition of Nevada-based American Bio Engineers for its Fund V portfolio company Aperture. Trinity Hunt formed Aperture (then Forensic Engineering Services) in August 2019 to acquire WEXCO International, a California-based provider of litigation-focused forensic services.
In August 2020, Aperture added-on with the buy of Scientific Analysis, a Texas-based provider of forensic engineering services used in accident reconstruction; and in December 2020, Aperture completed its second add-on in the sector with the buy of VA Forensics, a California-based provider of biomechanical and accident reconstruction forensic engineering services.
Credit Suisse Securities was Trinity Hunt’s placement agent for Fund VI and Kirkland & Ellis provided legal services.
© 2021 Private Equity Professional | September 3, 2021