Trivest $1.3B Fund Close | Private Equity News
- Trivest Partners,a Miami-based private equity firm,has announced the closing of Trivest Recognition fund with over $1.3 billion in capital commitments.
- The private equity investments will primarily focus on control investments within founder and family-owned businesses.
- Recognition Fund has already made its frist investment in Perricone Juices in December 2022, with plans to further expand its reach across the U.S.and Canada.
Trivest Partners has successfully closed its Recognition Fund, securing over $1.3 billion in capital, marking the largest buyout fund to date for the Miami-based private equity firm. This significant milestone showcases Trivest’s strength, with the fund exceeding its hard cap. The firm will target middle market buyouts, focusing on companies with over $15 million in EBITDA. This 12th institutional buyout fund boosts Trivest’s AUM to around $5.5 billion. The private equity investments will zero in on founder and family-owned businesses across the U.S.and Canada. This news, covered by News Directory 3, follows the fund’s initial investment in late 2022. Discover what’s next for Trivest’s expansion.
Trivest Closes largest Buyout Fund at $1.3 Billion
Updated May 26,2025
Trivest Partners,a Miami-based private equity firm,has announced the closing of Trivest Recognition fund with over $1.3 billion in capital commitments. The fund, exceeding its hard cap, will focus on middle market buyouts, specifically targeting companies with earnings before interest, taxes, depreciation and amortization (EBITDA) exceeding $15 million.
The private equity investments will primarily focus on control investments within founder and family-owned businesses. This marks Trivest’s 12th institutional buyout fund, elevating the firm’s total assets under management to approximately $5.5 billion.
Recognition Fund has already made its frist investment in Perricone Juices in December 2022, with plans to further expand its reach across the U.S.and Canada.
Troy D.Templeton, managing partner at Trivest, acknowledged the achievement. He said that reaching the hard cap “during one of the most challenging fundraising markets in history is a testament to what our team has built over the past four decades at Trivest.”
Shannon Advisors served as the placement agent for the fund.Kirkland & Ellis LLP provided counsel.