Irvine, CA-based private equity investment management firm TriGuard Management LLC closed its seventh fund, at over $660m.
Over 180 limited partners including public and corporate pension plans, insurance companies, endowments, foundations, family offices and high net worth individuals invested in Montauk TriGuard Fund VII.
Like its six predecessor funds, Fund VII will continue to focus on acquiring limited partner interests in secondary funds, completing value-added carve-out transactions and closing out past-term secondary funds.
Led by Ronn Cornelius, TriGuard and its affiliates have raised over $2.2 billion through seven dedicated secondary funds, having established a global leadership position in providing liquidity solutions for interests in secondary funds. They have selectively acquired 139 positions in 85 funds managed by 20 secondary fund managers.