Trivest Secures $730M in Oversubscribed Growth Fund III

Trivest Partners’ third private equity growth fund has closed on $730M in capital commitments, bringing the Miami-based firm’s AUM to approximately $6.1B to date, according to an October 22 press release.

Trivest Growth Investment Fund (TGIF) III was completed in a single close in less than 60 days since its launch, with an initial target size of $700M per the fund’s September 12 Form D filing. Trivest said TGIF III is its 13th institutional PE fund, and was oversubscribed by its existing investor base ranging from endowments to individual LPs. The fund will seek non-control investments in founder-led and family-owned companies with over $4M EBITDA.

Shannon Advisors served as placement agent and Kirkland & Ellis LLP as fund counsel.

View the press release here.

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