May 7, 2014 (Boston) – Global law firm Proskauer represented TriGuard Management LLC in the first and final closing of its sixth multi-niche secondary fund, Montauk TriGuard Fund VI.
The fund was oversubscribed and closed with $500 million of limited partner commitments, significantly ahead of its $400 million target. Like its five predecessor funds, Fund VI will continue TriGuard’s multi-niche investment strategy in tertiary liquidity, consortia carve-outs and strips, specialty funds, small transactions, seasoned tail-ends and fund manager liquidity.
TriGuard Management LLC is an independently-owned private equity investment management firm. Montauk TriGuard, the firm’s highly proprietary secondary fund series is a leader in niche private equity secondary transactions. Over the last 15 years, TriGuard and its affiliates have raised $1.5 billion through its six dedicated funds.
The Proskauer team was led by Private Investment Funds Group co-head Sean Hill and included partner Scott Jones (Tax) and associates Emily Carroll, Sam Mirkin, Emily Patch (PIF), Amanda Hellenthal (Tax) and Adam Scoll (ERISA).