Jersey/London, 14 October 2020
TDO II operates an all-weather approach to investing, using its unique sourcing network to find attractive investments at healthy prices. The Fund was therefore well positioned to deploy capital throughout 2020, during which time there has been significant price dislocation, and it is now 40% invested.
TDO II continues to see a strong pipeline of activity and anticipates considerable opportunity to invest further during the market’s recovery phase. TDO II will continue to invest in the same sectors and geographies as Triton’s private equity funds, focusing on the industrials, business services, consumer and health sectors, across the Nordics, DACH and Benelux.
The Fund invests in non-control positions across the capital structure in mid-market companies, with its average investment size typically between €10-40 million. The TDO funds benefit from a unique advantage through their access to the wider Triton network, enabling them to tap into significant resources and knowledge, specialist sector insight, and support from the firm’s investment advisory network, operating partners, senior industry experts and banking relationships.
Amyn Pesnani, Head of TDO, said: “We are extremely pleased to have been supported by a range of new and existing investors and we would like to extend our thanks for their commitment to TDO II. Our flexible investment approach, support from the wider Triton platform and strategy of identifying undervalued businesses has allowed us to already put capital to work this year, making the most of the current market conditions, and we continue to see a healthy pipeline of exciting opportunities ahead.”