Trivariance aims to be a catalyst for developing a sustainable private equity asset class in Italy, dedicated to healthcare infrastructure.
Trivariance will carefully identify and selectively pursue investments that meet its criteria. We ensure that all its investments have a strong social and economic impact. Trivariance has an unparalleled ability to make a significant and positive impact in Italy through both its world-class investment management team and its strong-rooted footprint in the local market.
Not an ordinary group of people!
A Seasoned and consolidated team of professionals with a focus on prudent investing and maintaining the highest ethical standards, operation excellency, and total transparency.
The three founders bring to Trivariance over 100 years of industry, investment, and operational experience in the Healthcare industries and have worked with premier institutions with a long history of successful investing in the sector. In the aggregate, the founders have closed over 87 corporate and private equity transactions, invested $6 billion of equity capital, arranged $18 billion of debt financing, and served on over 10 leading boards. The founders govern and manage Trivariance, comprise the firm’s investment and operating committees, and ESG Council, and play an essential role in the sourcing, governance, and growth of Trivariance's portfolio companies.
AGREGATED TEAM EXPERIANCE
Corp & PE
OUR INVESTMENT PHYLOSOPHY
UNIQUE INVESTMENT CHARACTERISTICS
In the Principals’ experience, Core Capital Assets typically have a number of characteristics which, when compared to typical private equity investments, can provide the following benefits:
HIGH-QUALITY CURRENT CASH YIELD
The obligated cash flows associated with CCA investments can produce current cash returns to equity investors of approximately 7% because Core Capital Assets typically are financed with cash flow to debt service ratios that exceed 1.30 times. The essential nature of CCAs often result in cash flow credit quality that is equal to or better than the unsecured borrowings of the asset user.
The long useful life and limited technical obsolescence risk of CCAs provide downside protection based on the ability of CCAs to generate cash flows and remain serviceable through different phases of economic cycles.
Users of CCAs will generally pay for innovations that address their unique needs. Trivariance will seek to increase its investment returns by capitalizing on the Principals’ ability to structure innovative, value-added solutions for CCA users.
Protection–Inflation typically increases the price of replacement CCAs and the value of in-place CCAs. Accordingly, a well-constructed portfolio of CCA investments should provide a material level of protection against future inflation.
MULTI EXIT STRATEGIES
Strategies–CCA investments typically have a greater range of exit strategies than traditional private equity asset types (e.g., buyouts and venture capital). This range of potential realization opportunities enhances flexibility with regard to controlling the timing of exits and optimizing realizations.