Trident, an institutional asset manager that utilizes proprietary technology and a systematic approach to invest in high potential small businesses in the healthcare, consumer and industrial sectors, has secured seed capital and anchor investments from Robert F. Smith and Bank of America.
In addition, Trident has announced the creation of the Trident American dreams advisory board.
Founded in 2017 by Eric Taylor, a former portfolio manager at Brightwood Capital and a Goldman Sachs Special Situations alumnus, Trident uses proprietary quantitative technology to invest in small businesses it perceives as overlooked and underserved in the U.S. with an effort towards generating significant alpha while sparking positive social and economic change in minority communities.
“We are thrilled to have the support of such a strong slate of investors for Trident,” said Taylor, founder, CEO and CIO of Trident. “Trident seeks to generate outsized returns for investors while amplifying the social and economic benefits of everyday small businesses, especially for those in the Black community. Having aligned investors as well as the support of the Trident American Dreams Advisory Board will allow us to fast-track achieving our goal of doing well while doing good.”
“Our investment in Trident is another way we’re addressing a persistent gap in access to capital,” said Jose Tavarez, Bank of America president of New York City and vice chairman, private bank. “Supporting the Trident team’s work to advance commercial investments, while making a meaningful impact within minority communities and driving small business growth is aligned with our commitment to advance racial equality and create economic opportunity.”