TriSpan LLP
TriSpan LLP is a transatlantic private equity firm operating two fund platforms: an Opportunities Fund targeting lower middle-market companies across multiple sectors and a Rising Stars Fund dedicated to restaurant and food & beverage concepts. Founded in 2017, the firm is headquartered in London with a New York office.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TriSpan LLP does
TriSpan LLP is a transatlantic private equity firm founded in 2017 by Fady Michel Abouchalache and Elan Schultz, both former executives at Quilvest. Headquartered in London with a New York office, the firm manages two complementary platforms: the Opportunities Fund, which targets lower middle-market companies across diverse sectors including healthcare services, property management, IT services, and specialty businesses, and the Rising Stars Fund, which is dedicated exclusively to restaurant and food & beverage concepts as first institutional capital. The firm sources deals primarily through a referral network of intermediaries, business brokers, lawyers, accountants, and private wealth managers, supplemented by direct outreach and operating partner introductions. TriSpan's senior leadership and operating partners draw from elite institutions including Goldman Sachs, CDPQ, Blackstone, Bain, BCG, and YUM! Brands, with sector-specialist operators in the restaurant vertical (e.g., ex-Yo! Sushi, Tortilla, YUM! Brands executives).
The firm generates revenue through three streams: recurring management fees on funds under management across its Opportunities and Rising Stars platforms, carried interest on successful portfolio exits, and investment gains from realizations. Compensation across the partnership is structured with democratic carry distribution and significant overweighting toward carried interest, aligning investment professionals with long-term value creation. The active portfolio spans roughly 15-20 companies including restaurant brands (Pho, Shell Shack, Mowgli, Maman, Naya, Yardbird, L'Atelier, Flat Iron), healthcare platforms (ProSmile, SmartArches, sk:n), property management (Proper XPM, DHV Plus, Serlima), and specialty services. The firm claims its collective team has invested approximately $5 billion in 130+ companies across five continents, though this figure reflects career track record rather than TriSpan-specific AUM. The firm maintains an international Family Office LP base, a referral-driven GTM motion, and a stated emphasis on patient capital and flexible investment structures spanning startup to LBO and control to passive positions.
TriSpan LLP firmographics
Firmographics- Name
- TriSpan LLP
- Legal name
- TRISPAN LLP
- Website
- https://www.trispanllp.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TriSpan LLP is a transatlantic private equity firm operating two fund platforms: an Opportunities Fund targeting lower middle-market companies across multiple sectors and a Rising Stars Fund dedicated to restaurant and food & beverage concepts. Founded in 2017, the firm is headquartered in London with a New York office.
- Ownership category
- akta.pro rank
TriSpan LLP industry classification
Industry- Product category
- Private Equity / Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
- akta.pro secondary industry
- Micro-PE / Lower Middle Market ETA Funds (FSANALAG)
Keywords
Where TriSpan LLP is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
TriSpan LLP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: TriSpan generates revenue through management fees charged on funds under management across its Opportunities Fund and Rising Stars Fund platforms.
- Carried Interest: The firm earns carried interest (performance fees) from successful investments. The firm structure features democratic distribution of carry among all investment professionals with all partners compensation significantly overweight carried interest.
- Investment Returns: Realization of gains from exits of portfolio companies across the investment lifecycle, with decision to invest/exit based on optimal timing for each deal rather than forced selling.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
TriSpan LLP product offering
Product offeringCore offering
TriSpan LLP is a private equity investment manager that deploys capital from two main fund platforms: the Opportunities Fund, which makes flexible opportunistic investments in lower middle-market companies across multiple sectors (manufacturing, technology, healthcare services, professional services, property management), and the Rising Stars Fund, which focuses exclusively on emerging restaurant and food and beverage concepts, typically as the first institutional capital round. The firm invests in control, minority, and passive positions from startup through LBO stages, supported by a network of operating partners.
Product overview
TriSpan LLP is a transatlantic private equity firm with two primary investment platforms: the Opportunities Fund and the Rising Stars Fund. The Opportunities Fund targets lower middle market companies across diverse sectors (manufacturing, technology, healthcare services, professional services), while the Rising Stars Fund is exclusively focused on high-growth restaurant and F&B retail concepts. The firm's notable portfolio includes Proper (a residential property management platform), multiple restaurant chains (Pho, Shell Shack, Maman, Naya, Mowgli, Yardbird, Rosa's Thai Cafe, Rosa Mexicano, Flat Iron, L'Atelier Entrecôte & Volaille, Thunderbird Fried Chicken), healthcare brands (ProSmile, Real Good Dental, SmartArches, sk:n), real estate services (DHV Plus, Woolpert), technology services (CentriLogic), and other specialized businesses (FoodPrep Solutions, Serlima, Slavic401k, Prestige).
Differentiator
Problem solved
Functional benefit
Brands
- TriSpan Opportunities Fund: Primary investment platform of TriSpan focusing on various private equity opportunities
- TriSpan Rising Stars Fund
Products and services
- TriSpan Opportunities Fund
Quantifiable outcome
- c.$5bn invested in 130+ companies across 5 continents
- +1 more outcomes
Companies that use TriSpan LLP
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
TriSpan LLP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TriSpan LLP partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- LivlysupportingTechnology partnership where Livly provides technology solutions to enhance property management services for ProperXPM, TriSpan's residential property management platform targeting multifamily building owners and operators across the U.S.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
TriSpan LLP competitors and assessment
Company assessmentDirect peers
- Cornell Capital: Lower-middle-market PE firm with a flexible, operationally engaged model across consumer, services, and industrials — comparable to TriSpan's Opportunities Fund in mandate flexibility and check size.
- Trilantic North America: Lower-middle-market PE firm investing across consumer, business services, and industrial sectors with North American and European reach — directly comparable to TriSpan's Opportunities Fund in target company size, sector breadth, and transatlantic footprint.
- TriArtisan Capital Advisors: Lower-middle-market PE firm with deep restaurant/consumer/retail expertise; TriSpan partner Anthony Freijy joined from TriArtisan. Directly comparable in sector focus (notably restaurants) and lower-middle-market deal size.
- Sun Capital Partners: Lower-middle-market PE firm with a long-standing restaurant and consumer franchise. Directly comparable to TriSpan in target deal size, sector breadth, and operational value-add orientation.
- Brentwood Associates: Lower-middle-market PE firm focused on consumer, services, and manufacturing — similar in deal size, sector agnosticism, and stage flexibility to TriSpan's Opportunities Fund.
- Quilvest Private Equity: Global wealth manager and PE investor where TriSpan founders Fady Abouchalache and Elan Schultz previously led the PE business. Highly comparable model, sector profile, and transatlantic focus.
- Keyhaven Capital Partners: Lower-middle-market PE firm that co-invested with TriSpan on Real Good Dental. Directly comparable in target size and healthcare services focus.
- Gresham House Ventures: UK lower-middle-market growth investor that previously held a stake in Pho before fully exiting to TriSpan's Rising Stars Fund in 2021. Directly comparable in UK consumer/restaurant growth investing.
Broad incumbents
- Roark Capital: Largest restaurant-focused PE platform (Inspire Brands, Focus Brands, etc.) with multi-billion-dollar franchise and F&B brands. Comparable to TriSpan's Rising Stars strategy but at vastly larger scale.
- L Catterton: Global consumer-focused PE firm with dedicated restaurant/brand strategies. Comparable to TriSpan's consumer/F&B orientation but with deeper brand-building capabilities and larger fund sizes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
TriSpan LLP social profiles
Digital presenceTriSpan LLP financial estimates
Financial estimateRevenue estimate
Valuation estimate
TriSpan LLP leadership team
Management profileNumber of profiles
Profiles19 records
TriSpan LLP subsidiaries and ownership
Company hierarchySubsidiaries19 records
TriSpan LLP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TriSpan LLP M&A and investment
M&A and investmentM&A12 records
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TriSpan LLP
What does TriSpan LLP do?
TriSpan LLP is a private equity investment manager that deploys capital from two main fund platforms: the Opportunities Fund, which makes flexible opportunistic investments in lower middle-market companies across multiple sectors (manufacturing, technology, healthcare services, professional services, property management), and the Rising Stars Fund, which focuses exclusively on emerging restaurant and food and beverage concepts, typically as the first institutional capital round. The firm invests in control, minority, and passive positions from startup through LBO stages, supported by a network of operating partners.
Is TriSpan LLP a public or private company?
TriSpan LLP is a private company. It is classified as management employee owned and is currently operating.
When was TriSpan LLP founded?
TriSpan LLP was founded in 2015. It employs 11 to 50 people.
Where is TriSpan LLP based?
TriSpan LLP is headquartered in London, United Kingdom, in the Europe region.
How does TriSpan LLP make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are carried Interest and investment Returns.
Who are TriSpan LLP's main competitors?
Direct peers on record are Cornell Capital, Trilantic North America, TriArtisan Capital Advisors, Sun Capital Partners, Brentwood Associates, Quilvest Private Equity, Keyhaven Capital Partners and Gresham House Ventures. Broad incumbents are Roark Capital and L Catterton.
Does TriSpan LLP have an API?
No public API is recorded for TriSpan LLP.
What industry is TriSpan LLP in?
TriSpan LLP's product category is Private Equity / Alternative Asset Management. Its primary akta.pro industry code is FSANACAO, Multi-Sector / Generalist Growth Equity, with a secondary code of FSANALAG, Micro-PE / Lower Middle Market ETA Funds. Its NAICS code is 523940 and its SIC code is 6282.