Peltz Plans $1.5 Billion Trian Private Equity Fund

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.