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Trive Capital Management LLC (“Trive”), the Dallas, Texas-based investment firm, is pleased to announce the final closing of Trive Capital Fund III (“Fund III”) with $1 billion of capital commitments. Fund III reached its hard-cap in just over three months and was substantially oversubscribed from its initial $750 million target.
“We are grateful for our supportive group of global institutional investors who have demonstrated continued confidence in the value creation capability of our firm. We believe the significantly over-subscribed fund drew interest from investors attracted to our deep value investing approach, quality of the Trive team and prior firm success deploying an operationally-focused investment strategy,” commented Conner Searcy, Managing Partner of Trive. “In Fund III, we will continue to invest in strategically viable, middle market companies tailoring bespoke, creative capital structure solutions, including both equity and debt.”
Trive is focused on lower middle market companies which the firm believes possess transformational upside and would benefit from a collaborative, operationally-focused partner.
“We look forward to applying our collaborative, hands-on operational model and flexible capital to lower middle market businesses throughout Fund III. We expect to continue executing on our disciplined, special-situations approach and are excited to bring a skill set into our investments which we believe is absent in many middle market companies,” commented Chris Zugaro, Partner at Trive.