Bonaccord Capital Partners Buys Stake in Trivest Partners
Posted on 01/25/2022
Bonaccord Capital Partners acquired a passive minority equity interest in Trivest Partners LP, a private equity firm focused exclusively on founder and family-owned businesses. Bonaccord, a subsidiary of P10, Inc., is a private equity platform dedicated to acquiring non-control equity interests in leading mid-sized private market sponsors.
The transaction will provide capital to allow Trivest to continue to invest in its employees and growth initiatives while having no impact on the day-to-day management of the firm. As the equity interest is non-voting, the firm’s investment and decision-making processes will remain unchanged.
Founded in 1981 and based in Coral Gables, Florida, Trivest has approximately $2.5 billion in assets under management across three strategies.
Advisors
Berkshire Global Advisors advised Trivest on the transaction. Kirkland & Ellis LLP served as legal counsel to Trivest. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Bonaccord.
Bonaccord is a subsidiary of P10, Inc.
