Trimaran Capital Partners

Trimaran Capital Partners
IndustryPrivate equity
PredecessorThe Argosy Group
Founded1990
FounderJay Bloom
Andrew Heyer
Dean Kehler
SuccessorTrian Acquisition Corp.
Mistral Equity Partners
Headquarters1325 Avenue of the Americas
New York, New York, U.S.
ProductsLeveraged buyouts, Growth capital, Venture capital
AUMUSD 3.1 billion
ParentCIBC World Markets (prior)
DivisionsTrimaran Fund Management, Trimaran Advisors
Websitewww.trimarancapital.com

Trimaran Capital Partners is a middle-market private equity firm formerly affiliated with CIBC World Markets. Trimaran is headquartered in New York City and founded by former investment bankers from Drexel Burnham Lambert. Trimaran's predecessors were early investors in telecom and Internet businesses, most notably backing Global Crossing in 1997. Trimaran also led the first leveraged buyout of an integrated electric utility.

Since 1995, Trimaran and its successor entities have invested approximately $1.6 billion of equity in fifty-nine companies through transactions totaling more than $10 billion in total value. In addition, Trimaran's debt business has managed approximately $1.5 billion of leveraged loans across four collateralized loan obligation vehicles.[1]

Since 2006, one of its co-founders, Andrew Heyer, lead a spinout of a portion of its team to form Mistral Equity Partners In 2008, the two remaining managing partners entered into a venture with Nelson Peltz’s Trian to create a new debt-focused business development company.[2][3]

The firm is named for the trimaran, a multi-hulled boat consisting of a main hull and two smaller outrigger hulls. The firm's principals had used nautical terms to describe their predecessor entities including argosy, a merchant ship, or a fleet of such ships and caravelle, a small, highly maneuverable, two- or three-masted ship.

  1. ^ Trimaran Capital Fund Management Archived 2010-10-02 at the Wayback Machine (company website, accessed August 27, 2010)
  2. ^ Cite error: The named reference triannabs was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference oldband was invoked but never defined (see the help page).

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