Patton Boggs Counsels Trive Capital in Formation and Final Closing of Firm's Debut Investment Fund
DALLAS, Aug. 12, 2013 /PRNewswire/ -- A team from the Dallas office of the law firm of Patton Boggs LLP served as legal counsel to Trive Capital Holdings (Trive) in connection with the formation and final closing of Trive Capital Fund I LP (Fund I), the Dallas-based firm's debut investment fund.
At closing, Fund I secured over $300 million of capital commitments. Fund I reached its hard-cap in five months, and was substantially oversubscribed from its initial $250 million target. Trive management noted strong support and interest from a range of investors around the world, including world class public and private pension funds, endowments, foundations, fund of funds and family offices.
Kevin Boardman and Kari Grzych, partners, and Stuart M. Rasley, senior associate, headed the Patton Boggs team. Mr. Boardman, Ms. Grzych and Mr. Rasley are members of the firm's Private Investment Funds practice. MVision Private Equity Advisers served as exclusive fundraising advisor. Trive is a private equity firm focused on the acquisition of strategically viable, under-resourced middle market companies with strong potential for transformational upside. Fund I will invest in lower middle market companies based in North America.
Patton Boggs Private Investment Funds Practice
Patton Boggs' Private Investment Funds Practice represents fund sponsors and investors throughout the world. Patton Boggs assists private fund sponsors in connection with a full spectrum of services, including the formation of buyout funds, mezzanine funds, energy funds, fund of funds, hedge funds and other private investment funds.
About Patton Boggs LLP
Patton Boggs is a leader in public policy, litigation and business law. The firm's core practice areas are government relations and lobbying, administrative and regulatory, commercial and transactional, litigation and dispute resolution, intellectual property and international law. From offices in Washington DC, New York, New Jersey, Dallas, Denver and Anchorage, and internationally in Abu Dhabi, Doha, Dubai and an affiliate office in Riyadh, more than 500 lawyers and professionals provide comprehensive, practical legal counsel to clients around the globe. For more information about the firm or its attorneys, visit www.pattonboggs.com.
SOURCE Patton Boggs LLP