Private equity giant Trilantic North America raises $2.75 billion

July 22, 2019 | News, Private Equity
https://dailyalts.com/wp-content/uploads/2019/07/customer-563967_960_720-2-TrilanticFamilyBusiness.jpg

The funds will seek opportunities in the business services, consumer and energy sectors

The Trilantic Capital Partners VI (North America) and its parallel fund named Fund VI North America announced they raised $2.75 billion for the latter. The fund closed at its  hard cap limit.

The positive response can be gauged from the fact that over 75% of the capital commitments came from existing investors. These comprise a host of entities such as pensions, insurance companies, corporates, family offices, endowments and HNIs. There were also new investors, located both in the US and overseas.

Fund VI North America also overtook in size its $2.25 billion predecessor fund.

Trilantic Capital Partners and entrepreneurialism

“We will continue into the next decade investing in entrepreneurial and family- and founder-owned businesses, supporting exceptional management teams that offer products and services with high potential for growth,” said Charlie Ayres, Chairman, Trilantic.

Fund VI North America has invested in Sunbelt Transformer, Planet Fitness franchisor Taymax and DJR Energy.

Earlier this month, Trilantic North America sold its majority stake in Home Franchise Concepts, a leading franchising system in the home improvement goods and services space, to JM Family Enterprises, Inc.

Of course, Trilantic Capital Partners will have a hard time keeping up with groups like Blackstone. The largest private equity manager in the world will likely raise $100 billion in 2019.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…