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Laxman Pai, Opalesque Asia: Miami-based buyout firm Trivest Partners has closed its recognition fund at a hard cap of $1.3 billion.
Trivest Recognition Fund will focus exclusively on founder-led and family-owned businesses with EBITDA greater than $15 million, according to a press note from the private investment firm.
The fund's limited partners include endowments, corporate and public pensions, insurance companies, funds of funds, family offices, and individuals, including more than 40 founders and CEOs of current and former Trivest investments.
"Despite a crowded private equity fundraising market, Trivest received significant support from both its established investor base and several new investors," the release added.
Recognition represents Trivest's twelfth institutional private equity fund and brings Trivest assets under management to approximately $5.5 billion.
Recognition is Trivest's largest buyout fund to date 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. Recognition provides Trivest with a new opportunity to expand the Firm's reach and capabilities to even more businesses in the U.S. and Canada.
"Recognition Fund is named for the fact that we recognize the accomplishments of founders who have built sizable businesses, and we appreciate their sacrifice in doing so. We look forward to using Trivest'...................... To view our full article Click here
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