Trinity Hunt Partners has closed its Fund IV on about $211 million, according to a statement.
The 2012 vintage fund launched with a $250 million target and had collected about $179 million as of September, according to documents filed with the US Securities and Exchange Commission.
Limited partners in Fund IV include pension funds, insurance companies, endowments, fund of funds, family offices and former portfolio company executives, according to the statement. BerchWood Partners acted as the placement agent for Fund IV.
Trinity Hunt was unavailable to comment at press time.
Fund IV has already invested in Houston-based Equivalent Data, a legal process outsourcing business and Jacksonville, Florida-based a substance abuse treatment facility Lakeview Health.
Dallas-based Trinity Hunt focuses on lower mid-market companies with between $3 million and $15 million of earnings before interest, tax, depreciation and amortisation in the Southwest, Southeast and lower Midwest regions of the US. Sectors of focus include industrial, healthcare and business services, according to its website.
Trinity Hunt’s prior fund, a 2004 vintage, raised $215 million, according to Private Equity International’s Research and Analytics division. The firm was founded in 1993 and is led by managing partners Peter Stein, former Banc One assistant vice president and Daniel Dross, who previously founded Thomas Weisel Partners.
Trinity Hunt manages more than $1.3 billion in equity capital.