Trilantic Capital Management has opened an office in Texas, its fifth, led by Trilantic North America managing partner and Trilantic Energy Partners chairman Chris Manning, and, Trilantic partner Glenn Jacobson. Both of them will stay focused on energy investments and divide their time between the firm’s offices in New York and Austin.
Trilantic vice president Andy Hopping and Trilantic North America associate Phil Law have moved to Austin to join Manning and Jacobson, the firm said.
“The location of this office in the hub of the energy market further solidifies our commitment to investments in this sector and will provide us with valuable on-the-ground insight into the industry,” Manning said.
Trilantic North America’s energy team has invested about $3.1 billion in 22 transactions to date. As of 31 December, Trilantic North America managed four private equity funds totaling $5.7 billion in commitments.
Trilantic now has offices in five locations: New York, Austin, London, Guernsey and Luxembourg. It was founded in 2009 by five partners who had worked together at Lehman Brothers Merchant Banking. Its typical cheque size is $50-250 million targeted at business services, consumer, energy, financial services, TMT, industrials and healthcare sectors, according to its website.
Trilantic Partners North America fund raised in 2014 closed on $388 million and is currently investing its capital.
Trilantic’s most recent fund was Fund V Europe, which was raised last year and closed on €900 million, according to its website.