NEWPORT BEACH, Calif. --July 1, 2011-- Montauk TriGuard Fund V (the "Fund") has closed on over $300 million of Limited Partnership interests. The Fund continues it’s proven, multi-niche investment strategy in consortia carve-outs and strips, tertiary liquidity, specialty funds, fund manager liquidity, seasoned tail-ends, and small transactions.
"We are pleased with the strong support from our existing investor base and we welcome new discerning investors to the group," said Ronn Cornelius, general partner. "The success of Montauk TriGuard is due to the payoffs of the Fund's multi-niche strategy," stated Sam Tang, general partner, "and we would like to thank our investors for their continued support of Montauk TriGuard."
The four general partners are Ronn Cornelius, Ed Pfohl, Brian Smith and Samuel Tang. The Fund will focus on investing in underwriting-oriented secondaries, which are interests in private equity funds that have a quantifiable underlying investment portfolio.
The Fund outsources its back office to Pacific Life who has made significant investments in the previous funds, as well as Fund V.