Trinity Hunt Partners, after five months of fundraising, has held an oversubscribed closing of Trinity Hunt Partners VII LP at its hard cap with $700 million of capital commitments.
Dallas-based Trinity Hunt invests from $15 million to $70 million of equity in founder and family-owned companies that have revenues of at least $10 million and EBITDA of least $2 million. Sectors of interest include business services, healthcare services, and consumer services. No Fund VII portfolio companies have been acquired yet.
Fund VII ‘s limited partners include insurance companies, pension funds, endowments, foundations, consultants, funds of funds, and family offices.
“Our team is humbled by the enthusiastic support for Fund VII by our investors, particularly in the midst of a challenging fundraising environment industry wide. It’s a testament to the hard work and ingenuity of our team,” said Blake Apel, the managing partner at Trinity Hunt. “We are excited to continue to deploy our time-tested investment strategy, with the aim of providing the highest quality talent and capital solutions needed to significantly enhance the growth of small-cap services companies.”
In recent years Trinity Hunt has grown both in terms of assets under management as well as the size of its team, which has more than doubled over the last two years to over 40 professionals. The firm has also increased its investment activity, completing more than 30 transactions in 2023, including 5 platforms and over 25 add-on acquisitions.
Trinity Hunt’s sixth fund closed at its hard cap in September 2021 with an oversubscribed $460 million of capital commitments, and its fifth fund closed at its hard cap of $350 million in October 2018.
Trinity Hunt used Aviditi Advisors as its placement agent and Kirkland & Ellis provided legal services.
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