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Trinity Hunt Partners
Trinity Hunt Partners: Dallas-based PE targeting founder-led healthcare, business services, and industrial tech companies. Closed $2B Fund VII in 2024.
Trinity Hunt Partners
Trinity Hunt Partners launched in 2000, founded by Managing Partner Pete Stein alongside a cohort of operators who structured the firm to back entrepreneurial businesses in the lower middle market. Headquartered in Dallas, the firm invests across North America, with a concentration on founder-led and family-owned enterprises that generate between $5 million and $25 million in EBITDA. The firm deploys capital through growth equity, management buyouts, and recapitalizations, targeting three core sectors: healthcare services, business services, and industrial technology. Trinity Hunt builds concentrated portfolios, typically engaging in platform acquisitions that serve as foundations for aggressive add-on strategies. Notable past and present portfolio companies include My Health OnSite, a direct primary care platform, and The Vertex Companies, an engineering and forensic consulting firm (per the firm's official communications). The geographic footprint spans the United States, with a particular density of investments in Texas and the broader Sun Belt region. Beyond fund commitments, Trinity Hunt has structured a distinct operating partner model that embeds seasoned industry executives into portfolio companies to drive organic growth and M&A execution. The team blends investment professionals with former operators, a design intended to align incentives during post-acquisition integration. May 2024: Trinity Hunt closed Trinity Hunt Partners VII at $2 billion in commitments, marking the firm's largest fundraise to date and an oversubscribed close that tripled the size of its predecessor fund (per the firm, May 2024). The close signals deepened limited-partner conviction in the firm's lower-middle-market mandate. Trinity Hunt's structural distinction rests in its longevity within a geography — Texas — that transformed over two decades from a regional economy into a magnet for corporate relocations and medical infrastructure buildout. The firm's local embeddedness, paired with a GP-stake model that keeps senior partners materially aligned across fund vintages, creates a sourcing funnel that captures founder transactions before broader auctions begin.
General information
Firm type
Private Equity
Year founded
2000
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Pete Stein
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Trinity Hunt Partners?
Managing Partner Pete Stein, a co-founder of the firm in 2000, leads the investment committee. The committee also includes senior partners who have been with the firm across multiple fund vintages. Investment decisions rely on a consensus model that integrates input from both deal professionals and the firm's operating partners.
What type of companies does Trinity Hunt target for investment?
Trinity Hunt targets lower-middle-market companies with EBITDA between roughly $5 million and $25 million. The firm focuses on founder-led and family-owned businesses in three sectors: healthcare services, business services, and industrial technology. Typical investments involve platform acquisitions that Trinity Hunt then builds through add-on acquisitions.
How does Trinity Hunt Partners source its deals?
Trinity Hunt relies heavily on its long-established presence in Texas and the Sun Belt, cultivating relationships with business owners, industry executives, and intermediaries over more than two decades. The firm also uses an operating partner network of former C-suite executives who surface proprietary opportunities within their industry niches before formal auction processes begin.
How is Trinity Hunt's latest fund positioned relative to prior vintages?
Trinity Hunt closed Fund VII at $2 billion in May 2024, approximately three times the size of Fund VI. The oversubscribed raise reflects broadened LP support as the firm scaled its lower-middle-market strategy while maintaining the same sector focus it has pursued since inception.
Does Trinity Hunt Partners operate any philanthropic or foundation vehicles?
There is no publicly disclosed philanthropic foundation directly tied to Trinity Hunt Partners. The firm's community involvement, when observed, has occurred at the individual partner level rather than through a formalized, firm-branded charitable vehicle.
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