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Laxman Pai, Opalesque Asia: Trive Capital closed on its fourth signature fund and a new, structured capital fund with nearly $2 billion together, double the committed capital from its last major raise.
The Dallas, TX-based private equity firm said in a press release that both - Trive Capital Fund IV (Fund IV) and Structured Capital Fund I (SCF I) - experienced very strong investor demand, each significantly exceeding their initial targets and hitting their hard caps of $1.6 billion and $350 million, respectively.
The firm will use its signature fund for controlled buyout investments and the structured capital fund for non-control positions.
Conner Searcy, Managing Partner of Trive said: "In Fund IV and Structured Capital Fund I, our team will continue to invest in strategically viable middle-market businesses with the ability to tailor bespoke, creative solutions across the capital structure."
Fund IV and SCF I closed amid a record-breaking period for Trive. The firm experienced its highest annual activity, capital deployment, and value creation in 2021 with strong momentum continuing into 2022, said the release.
According to the company, in 2021 the team closed 5 new platform investments, executed more than 60 add-on investments, and completed 12 exits and dividend recapitalizations, which yielded over $1.2 billion in distributions to investors. Trive also deployed almost $500 million of capital and created $2.6 billion in incremental value across the p...................... To view our full article Click here
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