Triago
Encyclopedia
Triago is a leading global placement agent
, specializing in raising capital for private equity
investment firms from a range of institutional investor
s. It is one of a number of placement agents
that also has significant private equity secondary market
operations, acting as a sell side
intermediary in secondary transactions.
Triago serves private equity general partners and limited partners globally from offices in New York
, Paris
and Dubai
and employs a staff of 45, representing 16 different nationalities.
fundraising and is among the oldest agents in the private equity industry.
Triago initially focused on bringing outside capital from North America, the Middle East and Asia to European private equity managers at a time when many European private equity teams were captive to banks and insurance companies, and when there was little institutional capital
available for investment in private equity in Europe. As the U.S. private equity industry matured in the late 1990s and the growth of domestic funds available for investment in private equity slowed, Triago expanded its business by matching European funds available for alternative investments, with U.S. private equity teams.
The firm has raised capital for over 140 private equity fund
s for such clients as Bridgepoint, Wilbur Ross
's WL Ross & Co. and Kelso Place Asset Management. The firm's dedicated private equity secondary market
advisory team is one of the industry's largest intermediaries. Over the years, leveraging its leading role as both a global fundraiser and secondaries intermediary, Triago has become a widely respected source of benchmark data, analysis and commentary on private equity trends and developments.
Private placement agent
Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class or entrepreneurs/private companies Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class (e.g. private equity ,...
, specializing in raising capital for private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investment firms from a range of institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s. It is one of a number of placement agents
Private placement agent
Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class or entrepreneurs/private companies Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class (e.g. private equity ,...
that also has significant private equity secondary market
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
operations, acting as a sell side
Sell side
Sell side is a term used in the financial services industry. It is a general term that indicates a firm that sells investment services to asset management firms, typically referred to as the buy side, or corporate entities...
intermediary in secondary transactions.
Triago serves private equity general partners and limited partners globally from offices in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
and Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
and employs a staff of 45, representing 16 different nationalities.
History
Founded in 1992 by Antoine Dréan, Triago was among the first independent placement agents established in Europe to focus on private equityPrivate equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
fundraising and is among the oldest agents in the private equity industry.
Triago initially focused on bringing outside capital from North America, the Middle East and Asia to European private equity managers at a time when many European private equity teams were captive to banks and insurance companies, and when there was little institutional capital
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
available for investment in private equity in Europe. As the U.S. private equity industry matured in the late 1990s and the growth of domestic funds available for investment in private equity slowed, Triago expanded its business by matching European funds available for alternative investments, with U.S. private equity teams.
The firm has raised capital for over 140 private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s for such clients as Bridgepoint, Wilbur Ross
Wilbur Ross
Wilbur L. Ross, Jr. is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. In 2011, Forbes magazine listed Ross as one of the world's...
's WL Ross & Co. and Kelso Place Asset Management. The firm's dedicated private equity secondary market
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
advisory team is one of the industry's largest intermediaries. Over the years, leveraging its leading role as both a global fundraiser and secondaries intermediary, Triago has become a widely respected source of benchmark data, analysis and commentary on private equity trends and developments.