Trive Capital Management announced the final closing of Trive Capital Fund II and Trive Capital Fund II (Offshore) with $500 million of capital commitments. Fund II reached its hard-cap in three months and was substantially oversubscribed from its initial $400 million target.
Fund II’s investment focus will be in lower middle market companies which Trive believes possess transformational upside and would benefit from an operationally-focused partner. Trive also expects to continue to execute on its disciplined approach and seek out special situation investment opportunities across various industry sectors.
“We have a very supportive group of global institutional investors that enabled us to have a quick and efficient fund closing. We believe the significantly over-subscribed fund drew interest from investors attracted to our deep value investing approach, quality of the Trive team and Fund I success to date deploying an operationally-focused investment strategy,” commented Conner Searcy, managing partner of Trive.
Dallas-based Trive is a private equity firm focused on investment opportunities in companies headquartered in North America.