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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note