# Trive Capital

Trive Capital is an Asset Manager based in Dallas, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2012
- **Assets under management:** $4B - $8B (Altss estimate)
- **Website:** www.trivecapital.com
- **LinkedIn:** https://www.linkedin.com/company/trive-capital

## Regulatory record

- **CRD number:** 166910
- **SEC file number:** 801-80036
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-27T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/166910

## About

Trive Capital is a Dallas, Texas based private equity firm. It drives long-term value creation through hands-on operational improvements and a partnership approach. The firm pursues control equity and structured capital situations, focusing on complex situations, family-owned companies, and corporate carve-outs, and fuels growth of businesses across industries and sectors with bespoke capital solutions.

## Sectors

- Manufacturing
- Industrial Tech
- Healthcare Services
- Enterprise Software

## People

- Conner Searcy — Managing Partner
- Chris Zugaro — Partner

## Questions

### Who runs investment decisions at Trive Capital?

Managing Partner Conner Searcy carries ultimate responsibility for all firm activities, including investment decisions. He is supported by a partnership group of seven other Partners — including co-founder Chris Zugaro and Head of Business Development Brad Wiginton — and seven Managing Directors who lead deal execution and portfolio oversight. The investment committee is drawn from this senior group, which has worked together since the firm's 2012 launch.

### How is Trive Capital's approach to complex situations different from a standard middle-market buyout firm?

Trive runs a hybrid capital model that underwrites control equity, structured preferred equity, and junior debt from the same fund complex. This allows the firm to close transactions without third-party financing contingencies — critical in bankruptcy auctions, carve-outs, and family-ownership transitions where sellers prioritize speed and certainty. The operations team then embeds with management to run value-creation initiatives, a posture the firm attributes to its partners' earlier careers at Bain & Company and operational turnaround groups.

### What investment stages and geographies does Trive Capital target?

Trive focuses exclusively on middle-market companies across North America and invests in buyouts, growth recapitalizations, corporate carve-outs, take-privates, restructurings, and secondaries. The firm does not disclose stage boundaries — such as revenue or EBITDA thresholds — but its completed transactions span family-owned businesses, public-to-private deals, and bankruptcy-driven restarts, implying a mandate flexible enough to absorb businesses from $10 million to several hundred million in enterprise value.

### How is Conner Searcy's background relevant to the firm's strategy?

Searcy spent roughly a decade at Insight Equity, a middle-market buyout firm he joined at inception, where he executed control investments and operational turnarounds. Before that, he worked at Bain & Company on turnaround management and merger integration, and at Stonegate, a building-products-focused buyout shop. That trajectory — operational consulting into concentrated middle-market private equity — formed the DNA of Trive's hands-on, operationally intensive investment model.

## Related profiles

- [Triton Investment Advisors](https://altss.com/profile/triton-investment-advisors)
- [Trivest Partners](https://altss.com/profile/trivest-partners)

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Last updated: 2026-08-11T15:08:22.057Z

Canonical page: https://altss.com/profile/trive-capital

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