Eaton Partners, a Stifel Company, is pleased to announce the Final Closing of Trinitas Capital Management LLC ("Trinitas") with commitments of $405 million. Trinitas was established as an innovative solution to the shifting regulatory environment impacting managers of collateralized loan obligations. The private placement of ownership interests in the CLO manager was oversubscribed and exceeded its target of $250 million.
"Trinitas represents a unique opportunity for investors to gain access to a stream of returns that previously had only been available to CLO managers. By investing alongside management directly in the company, Trinitas investors earn consistent income in the form of management fees and participate in other uncorrelated return sources that provide the upside potential and downside protection sought after by institutional investors," said Peter Martenson, Partner at Eaton Partners.
Trinitas received support from a diverse, international group of institutions including private asset management, public pension, foundation, endowment, insurance and high net worth investors.
"The Trinitas team is highly regarded as a top-tier CLO manager and has a long track record of successfully building asset management platforms. We were proud to partner with Trinitas during this capital raise and want to wish them a hearty congratulations on such a successful result," said Chrystalle Anstett, Co-Head of Private Credit at Eaton Partners.