# TriNet

TriNet is an Asset Manager based in Dublin, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dublin, United States
- **Region:** North America
- **Address:** Dublin, CA, United States
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** trinet.com
- **LinkedIn:** https://www.linkedin.com/company/trinet

## Regulatory record

- **Reports private funds:** No

## About

TriNet offers payroll processing, benefits administration, compliance support, and risk mitigation services to small and medium-sized businesses. The company serves various industries with human capital expertise. TriNet was founded in 1988 and is headquartered in Dublin, California.

## Sectors

- Enterprise Software
- FinTech
- Insurance

## People

- Mike Simonds — President and CEO

## Questions

### What is TriNet's core business model?

TriNet operates as a professional employer organization. It co-employs workers for small and medium-size businesses, handling payroll, benefits administration, compliance, and risk management. The firm collects premiums for workers' compensation and health insurance, generating meaningful investable float.

### How does TriNet generate its investment portfolio?

Investment assets come from two main sources: cash held for client payroll and benefit obligations, and premium reserves from its insurance-related operations. The portfolio is managed conservatively, primarily in fixed-income securities, to ensure liquidity and capital preservation.

### Who makes investment decisions at TriNet?

Investment decisions are managed by TriNet's internal treasury and finance function under the oversight of the CFO. The mandate is capital preservation, with the investable float deployed largely into U.S. government and agency securities, as disclosed in the firm's 10-K filings.

### What happened to TriNet's previous CEO, Burton Goldfield?

Burton M. Goldfield retired as President and CEO in February 2024 after leading the company since 2008. He oversaw TriNet's 2014 IPO and its growth into a platform serving over 300,000 worksite employees. Mike Simonds succeeded him.

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

Canonical page: https://altss.com/profile/trinet

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