Trive Capital Makes Strategic Investment in Adrianna Papell

a leading designer of women's special-occasion apparel

NEW YORK and DALLAS, March 3, 2026 /PRNewswire/ -- Trive Capital ("Trive"), the Dallas-based private equity firm, is excited to announce its recent investment into Adrianna Papell ("AP" or the "Company"), a leading designer of women's special-occasion apparel. The Company's existing management team will continue leading the business as it executes on key strategic initiatives to drive continued growth.

Founded in 1980 and headquartered in New York City, Adrianna Papell designs women's occasionwear spanning cocktail, evening, and polished day-to-day separates, with styles still designed in NYC by its in-house team and known for fit, craftsmanship, and elevated detail. Since inception, the brand has sold over 40 million dresses and today serves customers through a mix of direct channels and a broad network of retail partners, with distribution across 27 countries.

"We're proud to partner with Adrianna Papell and support a brand that has earned the trust of customers over many decades," said Andrew Frank, Partner at Trive Capital. "We're excited to work alongside the team to build on that trust through continued investment in product excellence and customer service, while supporting the initiatives that will drive the company's next phase of growth."

Adrianna Papell's CEO, Adam Berkman, stated, "Partnering with Trive provides a great opportunity to transform Adrianna Papell from the top social-occasion brand into a major global lifestyle brand. With Trive's support, we expect to significantly broaden our product offering into new categories and accelerate growth - organically and through acquisition - across underpenetrated distribution channels, including DTC and international markets. This transaction validates our amazing team's performance in fulfilling our brand's mission to 'wear life beautifully': to celebrate every day, to wear your happiest moments and most unforgettable evenings, and every second in between — with elegance, grace, and impeccable style. Forty-five years strong, our team is excited to begin the next chapter of Adrianna Papell, building our incredible brand and leveraging our capabilities to take the company to the next level."

About Adrianna Papell
Adrianna Papell is a women's apparel company offering a range of products across occasionwear, dresses, and everyday categories. The Company sells through a multi-channel model to retail customers in the U.S. and internationally, with distribution across 27 countries.

About Trive
Trive Capital is a Dallas, Texas based private equity firm with more than $8 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement.

The Trive team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $10 billion in revenue across Trive's targeted industry sectors and situations.

SOURCE Trive Capital