Type | Private Ownership |
---|---|
Industry | Investment banking Placement agent, Fundraising, Secondary market |
Founded | 1992 |
Founder(s) | Antoine Dréan |
Headquarters | New York, Paris, Dubai |
Products | Private equity |
Employees | 35 (January 2011) |
Website | www.triago.com |
Triago is a leading global placement agent, specializing in raising capital for private equity investment firms from a range of institutional investors.[1] 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.[2]
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.[3]
Founded in 1992 by Antoine Dréan, Triago was among the first independent placement agents established in Europe to focus on private equity fundraising and is among the oldest agents in the private equity industry.[4]
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.[5] 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.[5] [6]
The firm has raised capital for over 140 private equity funds for such clients as Bridgepoint, Wilbur Ross's WL Ross & Co. and Kelso Place Asset Management.[7][8] The firm's dedicated private equity secondary market advisory team is one of the industry's largest intermediaries.[9] 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.[10] [11] [12] [13] [14] [15] [16]