Miami, FL-based Trivest Partners held the final close of the its eleventh overall fund, at $225m.
Trivest Growth Investment Fund, the firm’s sixth institutional fund and fourth fund focused on founder/family-owned investments, includes a diversified mix of limited partners including endowments, corporate and public pensions, insurance companies, fund of funds, family offices, individuals and partners of Trivest.
The fund will target growth and non-control investments among founder-owned businesses across North America. Focus areas include business services, consumer, niche manufacturing and value added distribution.
Founded in 1981 and led by Managing Partner Troy Templeton and partners Greg Baty, Russ Wilson, Chip Vandenberg, Steve Reynolds, Jamie Elias, Forest Wester and David Gershman, Trivest has completed more than 225 transactions, totaling in excess of $5.5 billion in value.