Trinity Hunt Partners, a Dallas-based private equity firm, has closed its first continuation fund at $618 million in commitments.
The fund raised capital to support Trinity Hunt’s acquisitions of Argano, a digital consultancy focused on improving client operations, and Improving, a digital services company focused on technology-oriented business services, from Trinity Hunt Partners V LP. During the company’s ownership of the two companies, Trinity Hunt has worked to expand each business through organic growth, acquisitions and investments in people and culture. Trinity Hunt will continue this growth strategy with the additional capital support.
“The closing of our first continuation fund is an important milestone for Trinity Hunt,” comments Blake Apel, managing partner. “We are extremely proud of the success that these two leading companies have achieved thus far in our partnerships together, and the attractive returns we have been able to provide to our existing investors. We believe there is additional value at these companies that can be unlocked with additional time and capital.”
Credit Suisse served as financial advisor, and Kirkland & Ellis LLP served as legal advisor to Trinity Hunt.