Treville Capital Management has raised more than $500m (£373.5m) at the final close of its capital solutions private credit and equity fund.
The inaugural Treville Capital Solutions Fund invests across senior secured loans, junior debt and preferred equity in a wide range of sectors.
The New York-based alternative asset manager said commitments, including co-investments, came from institutional investors such as insurance companies, investment consultants, asset managers, foundations and family offices.
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“We sit at the intersection of private equity and private credit, helping well-positioned companies optimise their capital structures, bridge valuation gaps and fund organic as well as inorganic growth initiatives,” said Dan Bailey, partner at Treville. “Our priority is to work shoulder-to-shoulder with management teams to design tailored, flexible financing solutions that often facilitate growth while limiting dilution.”
Treville, which manages $2.7bn in assets, said the fund has already made a series of investments, including in a management and financial consulting firm, Consumer Edge, a data analytics and insights company, and Denny’s.
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“The strong backing for our initial capital solutions fund reflects our clients’ growing demand for strategies employing flexible, carefully structured capital as an alternative to traditional financing options that have become both rigid and commoditised,” said Ali Hamed, founder and chief executive of Treville.
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