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TriGuard beats target for sixth fund

6 May 2014

dollar large_sqSecondaries investor TriGuard Management has beaten the target for its latest fund thanks to strong support from existing LPs.

The Newport Beach, California-based firm has closed Montauk TriGuard Fund VI on $500m, ahead of its $400m target.

Fund VI was bakced by existing and new LPs including public and corporate pension plans, insurance companies, endowments, foundations, family offices and high net worth individuals. Earlier this year it was reported that Ohio Police & Fire Pension Fund committed $50m to the new vehicle.

TriGuard has raised $1.5bn via its six funds in the past 15 years including $300m raised by its previous fund in 2011.

TriGuard co-managing partner Ronn Cornelius said, “We are fortunate to have such a sophisticated, diverse group of limited partners in Fund VI, many of whom have been loyal partners over multiple funds.”

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