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Latest News  + Alternative Assets  + Direct Investment  + LBOs  + Private Equity  | 
Trivest Closes Largest Fund Ever at $1.3B

Trivest Closes Largest Fund Ever at $1.3B

Trivest Partners closed Trivest Recognition Fund – its largest buyout fund ever – at its hard cap with over $1.3 billion of total capital commitments, which included Trivest and its affiliates’ commitments, that will seek to invest in lower middle market companies with EBITDA above $15 million.

Recognition is Trivest’s 12th institutional private equity fund and brings the Miami-based assets under management to approximately $5.5 billion.

The fund is focused on control investments in founder and family-owned businesses. Its first investment in Perricone Juices closed in December 2022 and several others are currently in the pipeline. The firm plans to expand its reach in the U.S. and Canada.

“Achieving our hard cap during one of the most challenging fundraising markets in history is a testament to what our team has built over the past four decades at Trivest,” said Trivest managing partner Troy D. Templeton.

Shannon Advisors acted as placement agent for the Fund and Kirkland & Ellis LLP served as fund counsel.

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Trivest Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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