Established 1998  ·  New York  ·  London  ·  Singapore

Disciplined capital for the
long arc of value.

Trivest Partners LLP manages $18.4 billion across private equity, growth equity, real assets and private credit — partnering with founders and operators who are building businesses meant to outlast a cycle.

Explore our strategies Speak with our team
Assets under management
0B$
Years investing
0
Platform investments
0+
Net IRR since inception
0%
Industrial Technology◆ Healthcare Services◆ Enterprise Software◆ Digital Infrastructure◆ Energy Transition◆ Business Services◆ Specialty Finance◆ Logistics & Supply Chain◆

Our strategies

Four platforms. One underwriting standard.

We invest where operational insight compounds — concentrated portfolios, deep sector fluency, and a hold period measured in business cycles rather than quarters.

01

Private Equity

Control buyouts of founder- and family-owned industrials and business services companies in North America and Europe.

  • Enterprise value$150M – $750M
  • Fund VII$4.8B
  • Typical hold5 – 7 years
02

Growth Equity

Minority and structured capital for capital-efficient software and healthcare technology businesses scaling past $20M ARR.

  • Cheque size$25M – $120M
  • Fund III$1.9B
  • Typical hold4 – 6 years
03

Real Assets

Logistics, digital infrastructure and energy-transition assets with contracted cash flows and durable replacement-cost advantage.

  • Deployed$6.1B
  • Assets230+
  • Typical hold8 – 12 years
04

Private Credit

Senior secured, unitranche and opportunistic financing for sponsor-backed and founder-led middle-market borrowers.

  • Facility size$40M – $400M
  • Loss rate0.4% avg.
  • Typical term3 – 6 years

Track record

Returns built on underwriting, not leverage.

Roughly 71% of realised value creation across our flagship funds has come from earnings growth and margin expansion — not multiple arbitrage or financial engineering.

0%Net IRR, inception to date
0xNet MOIC, realised
0%Value from earnings growth
0%LP re-up rate, Fund VI → VII
Growth of $100 invested Trivest composite Public benchmark
$450 $350 $250 $150 2015 2018 2022 2025

Illustrative composite, net of fees and carried interest. Past performance is not indicative of future results.

How we work

A repeatable path from thesis to realisation.

  1. 01

    Thesis-led origination

    We map sub-sectors years ahead of a process, building relationships with owners long before a banker calls.

  2. 02

    Evidence-based diligence

    Operating partners, primary customer research and a standing investment committee that must reach unanimity.

  3. 03

    First-100-days value creation

    A named value-creation plan with owners, milestones and capital attached before the wire is sent.

  4. 04

    Deliberate realisation

    We exit when the plan is complete, not when the fund clock demands it — including continuation vehicles where value remains.

“We would rather own eight businesses we understand completely than forty we understand partially. Concentration is not a risk we tolerate — it is the discipline the returns depend on.”
Eleanor Vance Managing Partner & Chief Investment Officer

Portfolio

Selected platform investments.

A representative sample of current and realised holdings across our four strategies.

Private Equity · Realised

Kestrel Precision

Carved out of a diversified conglomerate in 2019. Four bolt-ons, gross margin up 940 bps, sold to a strategic buyer in 2024.

3.6xgross MOIC31%gross IRR
Growth Equity · Current

Arbor Software

Led the Series C in 2022 at $31M ARR. Now $118M ARR with net revenue retention of 128% and first full year of positive free cash flow.

3.8xARR growth128%net retention
Real Assets · Current

Northbridge Data

Developed 240MW of contracted capacity across three campuses, fully pre-let to investment-grade counterparties on 15-year terms.

240MWcontracted15yravg. lease

Insights

What we are thinking about.

All publications
Outlook · 12 min read

The end of cheap exits

Why sponsors holding assets past year seven need an operating answer, not a financing one.

August 2026 Sector note · 8 min read

Electrification’s quiet bottleneck

Grid interconnection queues are now the binding constraint on energy-transition returns.

June 2026 Research · 15 min read

Durable software economics

Separating pricing power from churn suppression in vertical SaaS at scale.

April 2026

Get in touch

Let’s start a conversation.

Whether you are an owner considering a transaction, an adviser with a situation, or an institution evaluating our funds — we will respond within two business days.

New York 475 Park Avenue, 22nd Floor
New York, NY 10022 +1 212 555 0142
London 18 Hanover Square
London W1S 1JY +44 20 7555 0118
Singapore 1 Raffles Quay, #28-01
Singapore 048583 +65 6555 0176