The Fund was oversubscribed, with a final close totalling commitments of $2.7 billion. The fundraise exceeds the Dallas-based private equity firm’s target of $2.5 billion. This close marks a significant milestone for Trive Capital, reflecting continued confidence in its long-term strategy and the firm’s ability to attract strong institutional investor interest.

“We are delighted to have played a key role in Trive Capital’s next phase of growth. The success of this fundraise demonstrates increasing demand for Trive’s differentiated value-oriented investment strategy and its ability to deliver for investors,” said Sarah Sandstrom, Partner and Head of US Placement, who led the effort for Campbell Lutyens.

Trive’s Fund V represents a 35% increase in total commitments from Trive’s predecessor program, which closed in April 2022 at $2.0 billion.

Over the last 10 years Campbell Lutyens has raised and advised on more than $318 billion in private equity, private credit and infrastructure fund placements, secondary advisory and GP capital advisory assignments.