Montauk TriGuard Funds objective is to purchase limited partnership interests in private equity funds on a secondary basis. The General Partner currently manages approximately $1 billion dedicated solely to private equity secondaries.
The growth and maturity of the private equity market has generated significant secondary market opportunities. The Principals believe between 2% and 5% of all primary commitments will eventually be available on the secondary market.
The market for sales of existing limited partnership interests has grown significantly since the late 1990s, both in terms of transaction volume and aggregate dollars raised to invest in secondary transactions.
The management team consists of six professionals with over 100 years of combined secondary market experience. The Principals have significant direct experience in private debt, mezzanine and equity deals in specialty industries. Their broad secondary, niche and deal "underwriting" experience and deep industry relationships provide a unique advantage in sourcing, evaluating, valuing and completing niche secondary transaction