Trinity Hunt Partners announces the successful closing of its $215 million buyout fund. Based in Dallas, the fund will focus on acquiring profitable middle-market companies located primarily in the Southwest.
The fund attracted anchor investments from Capital Z Investment Partners and the Lamar Hunt family. Additional limited partners commitments came from a variety of institutional investors including public pension funds, academic endowments, fund-of-funds, financial institutions and family office entities.
“We are very pleased with the response to our fund’s regional investment strategy,” said Dan Dross, partner. “We now look forward to capitalizing on our team’s extensive network of relationships to assemble a portfolio of attractive investments.”
Trinity Hunt’s partners Dan Dross, Pete Stein, Scott Colvert and Jim Holland possess deep principal investing and operating experience and are supported by a seasoned team of investment professionals. “The Southwest region possesses a vibrant economy with a large universe of middle market companies,” said Pete Stein, partner. “Trinity Hunt is well positioned to assist privately held and family owned businesses and non-core divisions of larger companies within the region achieve their full potential through our array of capital, strategic and operating resources.”
Trinity Hunt intends to build a portfolio of approximately 10 to 12 companies with typical enterprise values of $15 million to $150 million in the niche manufacturing, value-added distribution, industrial and business services, healthcare, media and consumer products industries.
In June 2005, Trinity Hunt completed its first investment in Austin, Texas based DMX MUSIC, Inc. The team partnered with Austin’s Capstar Partners, LLC, led by Steve Hicks, to acquire DMX MUSIC for approximately $75 million.