Peltz Plans $1.5 Billion Trian Private Equity Fund

Jul 13 2010 | 1:35pm ET

Activist hedge fund billionaire Nelson Peltz is trying his hand at activist private equity fund management, raising more than $400 million for the new fund.

The new Trian Partners Strategic Investment Fund is structured as a p.e. vehicle because Peltz plans to lock up investor money for a significant period. That hasn’t frightened too many away, however, with the fund securing some $433 million in commitments, Bloomberg News reports.

Peltz hopes to raise $1.5 billion for the fund. It is currently marketing the vehicle, primarily to sovereign wealth funds, pension funds, family offices and funds of funds.

Trian Strategic will take minority stakes in publicly-listed companies. But as is its manager’s wont, the fund will seek spots on the boards of directors of the companies in which it invests.

Peltz’s New York-based Trian Fund Management is perhaps best-known as the biggest investor in the Wendy’s/Arby’s Group fast-food chain. It recently won two seats on asset management giant Legg Mason’s board of directors, including one for Peltz.

Trian Strategic and its general partnership were incorporated in Delaware in January. It has yet to file a private-placement note with the Securities and Exchange Commission.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...