Tri Ri Asset Management announces the closing of the TRAM Private Equity Impact Fund I

Tri Ri Asset Management is pleased to announce that the TRAM Private Equity Impact Fund I has held its final close with $175 million in commitments.

Tri Ri Asset Management (HF: TRAM)

NEW YORK, NY, USA, Oct. 28, 2022 / — The successful fundraising demonstrates the growth of Tri Ri’s private equity investment strategy and the manager’s active role in the market. Tri Ri manages $2.4 billion in assets under management with just under $870 million of committed capital in private markets.

The Impact Fund will primarily invest in direct and financial investments to achieve positive social and environmental outcomes consistent with the United Nations Sustainable Development Goals and consistent with traditional TRAM Private Equity underwriting standards. The Fund will invest in opportunities that align with broader investment themes such as improving health outcomes, addressing climate change and energy needs, and increasing growth and productivity. long-term employment.

Sean Ganley, CEO of Tri Ri Asset Management, said: “The structure of the fund is designed to access the best impact investments. Direct investments will help increase overall capital efficiency and smooth out the J-curve. We seek to mitigate risk by diversifying our exposure to leading managers and companies. Additionally, we intend to track and share the Fund’s impact metrics with our sponsors. »

As of October 27, 2022, the Impact Fund has already committed $76 million in direct investments (co-investments), primary fund commitments and secondary transactions; each representing a compelling impact and investment thesis.

Investments include market-leading companies with strong capital structures that typically focus on core products and services that contribute to social and environmental solutions and are therefore less cyclical than the broader market. A startup that provides point-of-use water filtration and dispensers to replace plastic water bottles is an example, as is a next-generation broadband technology platform and tutoring solution. online that provides K-12 students with high-quality, affordable tutoring.

The Impact Fund is backed by a global investor base that includes public and private pension plans, insurance companies and other financial institutions, endowments, foundations and family offices. Investors are represented across a broad geographic spectrum including North America, Europe, Asia and Australia.

Asad Ali, Principal at Tri Ri Asset, said, “We believe Impact Fund’s focus on more core products and services will enable the portfolio to perform even during the current market turmoil. We benefit from the scale and strength of the Tri Ri Asset Private Equity platform and invest selectively as we seek to make a positive impact with our capital. We are privileged to work with world-class investors from different parts of the world who share our belief that investing in companies that seek to solve the world’s most pressing problems can generate real, long-term value.

Richard Haig
Tri Ri Asset Management
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