Trive Capital Holdings LLC has closed a fund with $300 million in capital commitments.

The fund, called Trive Capital Fund I, will invest in North American lower middle market companies.

The Dallas-based private equity firm raised the fund in five months, and surpassed the initial $250 million target.

Investors include public and private pension funds, endowments, foundations, fund of funds and family offices.

Trive, founded in 1995, has invested in Huron Inc., Precise Packaging and Southern Towing Co.

MVision Private Equity Advisers acted as the fund’s fundraising adviser, while Patton Boggs LLP provided legal advice. 

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