# Montauk TriGuard

Montauk TriGuard is a Secondary based in Newport Beach, United States.

## Overview

- **Organization type:** Secondary
- **Headquarters:** Newport Beach, United States
- **Region:** North America
- **Address:** Irvine, CA, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** www.montauktriguard.com
- **LinkedIn:** https://www.linkedin.com/company/triguard-management

## Regulatory record

- **Reports private funds:** No

## About

Montauk TriGuard manages nine private equity funds designed to solve complex problems for leading secondary fund managers. It provides value-add liquidity solutions by focusing exclusively on three main underserved niches in the secondary market. Since 1999, the team has raised nine private equity secondary funds with $3.4 billion of committed capital from over 500 investors.

## Sectors

- Private equity secondary funds

## People

- Ronn Cornelius — Co-Managing Partner
- Eric Becker
- Sean Gessay
- Brian Smith
- Brian Smith — general partner
- Ed Pfohl — general partner

## Questions

### Does Montauk TriGuard invest directly in companies or only through funds?

The firm engages in both fund-level secondary purchases and direct secondary transactions, where portfolios of company stakes are acquired. Its primary model remains a fund-of-funds framework, meaning most capital flows into limited partner positions across multiple managers rather than direct single-company equity checks.

### How is Montauk TriGuard different from large secondary buyers like Lexington Partners or Ardian?

Scale is the primary differentiator. The large platforms compete for multi-billion-dollar LP portfolio trades, while Montauk TriGuard targets the middle market, where deal sizes are smaller and sourcing is relationship-dependent. The additional fund-of-funds wrapper means the firm commits to new blind-pool funds, not just buying seasoned LP positions.

### What is Montauk TriGuard's known posture on co-investments alongside external GPs?

The firm's direct secondary capability — acquiring portfolios of company stakes — functions as a form of co-investment alongside the original fund managers, but there is no public evidence that Montauk TriGuard writes fresh primary co-investment checks into new deals. Its model centers on acquiring existing positions rather than originating new equity alongside GPs.

## Related profiles

- [Montauk Capital](https://altss.com/profile/montauk-climate)
- [Montauk Ventures](https://altss.com/profile/montauk-ventures)

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Updated: 2026-08-11T15:07:26.757Z

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