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US firm Trivest closes fourth private equity fund on $325m18/09/2008. Source: AltAssets. 
 Miami-based private equity firm Trivest Partners has closed its fourth fund, Trivest Fund IV, on $325m, exceeding its initial target of $300m.
The fund will continue the firm's focus on founder/family-owned businesses in the US and Canada. To date, Trivest Fund IV has already invested over 20 per cent of its capital.
Investors in the fund comprise corporate pensions, funds of funds, endowments and foundations, family offices and financial institutions. Anchor investors include Morgan Creek Capital Management, Parish Capital, AIG Investments, Credit Suisse, Southern Farm Bureau Life Insurance Co. and GE Equity.
Trivest managing partner Troy Templeton said, 'We are grateful for the continued support of our current investors and for the interest shown in Fund IV by our new limited partners. The quality and diversity of this group speaks to Trivest Partners' proven strategy to focus its investments in founder/family-owned companies where the firm can assist in creating value during its ownership period.'
Trivest's previous fund, Trivest Fund III, closed on $316m.
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