Ropes & Gray Advises Trive Capital on $2.7B Fund V Close.
Ropes & Gray has advised Dallas-based private equity firm Trive Capital on the successful final closing of Trive Capital Fund V, LP, securing $2.7 billion in total commitments – surpassing its $2.5 billion target. The fund close was announced on April 3.
Fund V continues Trive’s decade- ong strategy of investing in middle-market companies with a sector-agnostic, situation specific approach and a strong emphasis on hands-on operational value creation. Trive’s previous fund closed at $2.0 billion in April 2022.
The fund has already made seven investments, illustrating Trive’s off-the-run sourcing and deep value strategy. Over the past year, across all funds, Trive has completed 10 platform investments, 19 add-ons, and 3 exits/dividend recaps, including the IPO of Karman Space & Defense.
Trive Co-Founders Conner Searcy and Chris Zugaro credited the fund’s success to continued LP support and the firm’s value-driven, operationally intensive investment approach.
Trive Capital is a Dallas-based private equity firm managing over $8 billion in regulatory assets. The firm specializes in investing in middle-market companies with potential for significant growth and transformation.
Trive employs a flexible, operationally focused approach, working closely with management teams to unlock value in a variety of complex or unique investment situations across diverse industries.
Legal counsel was provided by a Ropes & Gray team led by partners Jessica Marlin, Marc Biamonte, Sharon Remmer, Jim Brown, and Patricia Teixeira, along with counsel Casey Burns White.
Ropes & Gray is a global law firm providing comprehensive legal services to clients across a wide range of industries. With a reputation for excellence, the firm is known for its expertise in areas such as corporate law, private equity, M&A, intellectual property, litigation, regulatory matters, and finance.
Founded in 1865, Ropes & Gray has grown to include offices in major cities around the world, including New York, London, Hong Kong, and Boston.
The firm serves a diverse clientele, including multinational corporations, financial institutions, and government entities, helping them navigate complex legal challenges.
Ropes & Gray is also recognised for its commitment to pro bono work, diversity, and inclusion, ensuring that its values extend beyond the courtroom. With a team of skilled professionals and a client-centric approach, Ropes & Gray remains a leader in the legal industry.
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