MIAMI–(BUSINESS WIRE)–Trivest Partners, a Miami-based private equity firm, is pleased to announce that Lily Tapia joined the Firm as Director. Lily is highly accomplished and spent nearly 25 years in the private wealth advisory industry with both Merrill Lynch and Bank of America. Lily brings her extensive relationships with business owners throughout North America and a deep knowledge of the private wealth vertical to Trivest to further accelerate an already robust transaction sourcing network at the Firm.
Lily began her career as a Commercial Banking Relationship Manager with Bank of America in the early 1990s. She later joined Merrill Lynch, where over a 17-year career she played a key role as a liaison between the bank’s investment banking and wealth management divisions. Most recently, Lily was the Chief Development Officer of Laser Spine Institute, a Tampa-based provider of minimally invasive spine surgery.
Trivest experienced its most active year in the Firm’s 37-year history in 2017, closing 17 new acquisitions to date, deploying a record amount of capital, achieving two highly successful exits and raising Trivest Fund VI, the Firm’s largest fund in its history with $600 million in capital commitments. Lily will focus on driving opportunities for Trivest to deploy capital across its control funds and the recently established non-control fund, Trivest Growth Investment Fund (TGIF), with $225 million of committed capital.
Troy D. Templeton, Trivest’s Managing Partner, said, “Transaction sourcing is the lifeblood of our business at Trivest and our robust business development efforts have been critical to our success. We are thrilled that Lily is bringing her talents and experience to both the Trivest team and our portfolio companies as we embark on investing Fund VI and TGIF.”
Lily noted, “It’s an exciting time to join the Trivest team. Over the past two decades, the Firm has built a unique and transparent process for founders desiring to sell either a control or non-control stake in their businesses. Trivest adds enormous value to the founders who partner with us and I look forward to helping Trivest continue to grow and expand its brand.”
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling nearly $6.0 billion in value. For additional information, visit www.trivest.com.