Dallas-based private equity firm Trive Capital announced the final closing of Trive Capital Fund V, with total commitments of $2.7 billion, exceeding its target of $2.5 billion. And Trive’s predecessor program closed in April 2022 on $2 billion.
Fund V will continue investing in middle-market companies with a sector-agnostic but situation-specific approach. And the Fund aims to create value through a hands-on operational approach.
Fund V has already made seven investments, demonstrating Trive’s off-the-run sourcing, deep value, and operationally focused investment strategy. Over the last 12 months across all funds, Trive executed 10 platform investments and 19 add-on investments and completed three exits and dividend recapitalizations, most recently completing the successful IPO of Karman Space & Defense.
Campbell Lutyens worked as a global placement agent, and Ropes & Gray LLP acted as fund counsel.
KEY QUOTES:
“We are grateful for the continued support from our existing Limited Partners, as well as many new investors across the world, who share our vision and commitment to driving growth and value creation in companies. The success of the fundraise is a testament to our team’s unwavering dedication to delivering strong performance and results.”
- Conner Searcy, Co-Founder and Managing Partner at Trive Capital
“We are excited to deploy Fund V and continue our strategy of identifying and investing in companies with strong growth potential. Our flexible structuring, hands-on approach and deep industry expertise will be key drivers of the success of these investments.”
- Chris Zugaro, Co-Founder and Partner at Trive Capital
