Triton Pacific seeks $300m for new fund


LAXPrivate equity firm Triton Pacific Capital Partners is reportedly looking to raise $300m for a business development company fund.

The fund will provide debt and equity, said Dow Jones, citing a person familiar with the situation.

The report noted that hitting its target would make the fund the largest raised by Triton Pacific since its launch in 2001.

Triton Pacific invests in companies with revenues of between $5m and $50m and EBITDA of $2m to $10m.

It is focused on the healthcare services, software and IT, business services, consumer products, light manufacturing and logistics sectors.

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