# Trilantic North America

Trilantic North America is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2009
- **Assets under management:** >$1B (Altss estimate)
- **Website:** www.trilanticnorthamerica.com
- **LinkedIn:** https://www.linkedin.com/company/339329

## Regulatory record

- **CRD number:** 152331
- **SEC file number:** 801-70902
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-13T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/152331

## About

Trilantic North America is an SEC-registered investment adviser in New York, NY, registered since 2010. The firm manages approximately $5.9 billion in regulatory assets. It has 37 employees and 20 investment advisers.

## Sectors

- Business Services
- Consumer
- Energy Transition & Renewables
- Industrial Tech
- Healthcare Services

## People

- Charles Ayres — Chairman & Partner
- Chris Manning — Managing Partner

## Questions

### Who makes investment decisions at Trilantic North America?

The firm is led by Chairman Charlie Ayres and Managing Partner Chris Manning, both Lehman Brothers Merchant Banking alumni who orchestrated the 2009 spinout. Investment decisions are made by the partnership's investment committee, which draws on sector-dedicated deal teams. Ayres previously co-headed the global merchant banking division at Lehman, and Manning served as a senior partner in the same group.

### How is Trilantic North America related to Lehman Brothers?

Trilantic North America is the successor to Lehman Brothers Merchant Banking, the private equity arm of Lehman Brothers. When Lehman filed for bankruptcy in September 2008, the merchant banking team negotiated a management buyout of the division, closing the transaction in 2009. The firm rebranded as Trilantic Capital Partners and later split into separate North American and European entities, with Trilantic North America operating independently from its European counterpart.

### What investment stages and transaction types does the firm target?

Trilantic pursues buyout, growth equity, corporate divestiture, management buyout, recapitalization, and spin-off transactions. The firm writes equity checks between $50M and $300M for control positions in middle-market businesses. It is stage-agnostic but focuses on mature companies undergoing operational transitions — often founder succession events or non-core subsidiary carve-outs from larger corporations.

## Related profiles

- [Trilantic Europe](https://altss.com/profile/trilantic-europe)
- [Trill Impact](https://altss.com/profile/trill-impact)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/trilantic-north-america

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