Trive Capital Closes $2.7 Billion Fund V Surpassing Target
Funding | Apr 07, 2025 | Ropes & Gray
Ropes & Gray advised Trive Capital, a Dallas-based private equity firm, on the successful closing of its Trive Capital Fund V, securing total commitments of $2.7 billion, notably exceeding the set target of $2.5 billion. The Fund aims to follow Trive's decade-long strategy of investing in middle-market companies using a situation-specific approach without targeting any particular sectors. It emphasizes creating value through a proactive operational strategy. Key members of the Ropes & Gray advisory team included partners in asset management, employment and benefits, tax, and finance. The closing of the fund was officially announced on April 3.
Sectors
- Private Equity
- Asset Management
Geography
- United States – Trive Capital is based in Dallas, indicating its primary geographic focus in the U.S.
Industry
- Private Equity – The article is centered on Trive Capital, a private equity firm, and the closing of its latest fund.
- Asset Management – Ropes & Gray's involvement focused on advising asset management strategies for the successful raising of the fund.
Financials
- $2.7 billion – Total commitments raised for Trive Capital Fund V.
- $2.5 billion – Initial target set for Trive Capital Fund V.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Trive Capital | Private Equity Firm | Company | A Dallas-based private equity firm that raised $2.7 billion for its Fund V. |
| Ropes & Gray | Legal Advisor | Company | A law firm that provided legal advisory services to Trive Capital in raising Fund V. |
| Jessica Marlin | Asset Management Partner | Person | Partner at Ropes & Gray who played a significant role in advising Trive Capital. |
| Marc Biamonte | Asset Management Partner | Person | Partner at Ropes & Gray specializing in asset management, involved in advising Trive Capital. |
| Casey Burns White | Counsel | Person | Counsel at Ropes & Gray who contributed to the Trive Capital Fund V advisory. |
| Sharon Remmer | Employment and Benefits Partner | Person | Partner at Ropes & Gray focusing on employment and benefits, part of the advisory team for the fund. |
| Jim Brown | Tax Partner | Person | Tax partner at Ropes & Gray who advised on the financial structuring of the fund. |
| Patricia Teixeira | Finance Partner | Person | Finance partner at Ropes & Gray assisting in the legal advisory of Trive Capital's fund. |