Trinitas Capital Management Closes Investment from Pine Brook
DALLAS, June 22, 2017 /PRNewswire/ -- Trinitas Capital Management, a Dallas-based collateralized loan obligation (CLO) manager, today announced that Pine Brook, an investment firm focused on building businesses in the financial services and energy sectors, has closed its previously announced $250 million line of equity commitment in the company.
"We're very pleased to partner with Pine Brook and look forward to continue building the platform into a world-class CLO issuer," said Gibran Mahmud, chief executive officer at Trinitas Capital Management. "We believe that Pine Brook's track record and experience with financial institutions will be a great asset for Trinitas Capital Management, and that access to their global investor base will continue to strengthen the capitalization of the company."
"We are excited to back Gibran Mahmud and his team through this investment," said Bharath Srikrishnan, managing director of Pine Brook.
Trinitas Capital Management simultaneously announced the closing of a $717 million CLO, known as Trinitas VI LLC. This is Trinitas Capital Management's largest offering since the Company's founding in 2015. "Our success with Trinitas VI shows strong continuing institutional interest in CLOs, and demonstrates our investors' confidence in our platform and ability to structure transactions," added Mahmud.
About Trinitas Capital Management
Trinitas Capital Management is an experienced CLO manager which, directly or through subsidiaries, intends to achieve Dodd-Frank and Capital Requirements Regulation risk retention compliance by investing in the requisite risk retention securities. Trinitas currently has $1.5 billion in AUM across three CLOs.
About Pine Brook
Pine Brook is an investment firm that manages more than $6.0 billion of limited partner commitments that makes "business building" and other equity investments, primarily in energy and financial services businesses. Pine Brook's team of investment professionals collectively has over 300 years of experience financing the growth of businesses with equity, working alongside talented entrepreneurs and experienced management teams to build businesses of scale. Learn more at www.pinebrookpartners.com.
SOURCE Pine Brook
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article