Triple Private Equity
Triple Private Equity is a London-based private equity firm founded in 2023 that invests off-market in small-to-mid-cap B2B data and software businesses across UK and Northern Europe in financial infrastructure and governance, risk and compliance sectors. It manages a EUR 513M fund across six portfolio platforms.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Triple Private Equity does
Triple Private Equity Ltd is a specialist private equity firm founded in 2023 and headquartered in London, with a regional office in Copenhagen. It invests off-market in small to mid-cap B2B data and software businesses in the UK and Northern Europe that provide mission-critical financial infrastructure and governance, risk and compliance (GRC) solutions. The firm applies a focused thesis centred on the '3 T's' — Commercial Traction, Scalable Technology and Leading Talent — and operates a hands-on value-creation model with dedicated Investments and Value Creation Teams working alongside management pre- and post-deal.
The firm's inaugural fund, Triple Private Equity Fund I, reached final close at EUR 513 million in April 2026, hitting its hard cap with a diverse LP base spanning pension funds, asset managers, funds of funds, financial institutions and family offices across Europe, the US, Canada and Asia-Pacific. Portfolio companies currently comprise six distinct platforms: SmartSearch (UK AML/KYC and digital compliance software serving 8,500+ regulated firms); Legal Benchmarking Group (legal rankings and data through IFLR, Benchmark Litigation, ITR and ManagingIP, serving customers in 120 countries); Cerivo (a Scandinavian GRC platform combining RISMA Systems, ComplyCloud and Wired Relations, serving 1,000+ customers); and the Delinian carve-outs Derivia Intelligence (structured products, derivatives and DCM data via SRP, GlobalCapital, FOW), Extel (capital-markets perception analytics) and Euromoney (banking and financial-services benchmarking).
The firm generates revenue through standard private equity fund-management economics — management fees on committed/invested capital and performance carry on exits — with portfolio-company revenue concentrated in subscription-based SaaS and proprietary data subscriptions across B2B segments. Distribution for both the fund and its portfolio is direct and relationship-led: Triple sources deals via C-level networks in its core verticals, while portfolio companies sell primarily through direct enterprise sales motions, supplemented by emerging partner ecosystems (e.g., SmartSearch's Partnerships Director-led channel build).
Triple Private Equity firmographics
Firmographics- Name
- Triple Private Equity
- Legal name
- Triple Private Equity Ltd
- Website
- https://triple.pe
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Triple Private Equity is a London-based private equity firm founded in 2023 that invests off-market in small-to-mid-cap B2B data and software businesses across UK and Northern Europe in financial infrastructure and governance, risk and compliance sectors. It manages a EUR 513M fund across six portfolio platforms.
- Ownership category
- akta.pro rank
Triple Private Equity industry classification
Industry- Product category
- Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where Triple Private Equity is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Triple Private Equity business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Private Equity Fund Management: Triple Private Equity generates returns through capital appreciation of portfolio companies, ultimately exiting investments through trade sales, secondary sales, or other exit routes. The firm manages Triple Private Equity Fund I, which reached final closing at EUR 513M in April 2026, having previously reached EUR 338M in AUM in April 2025.
- SmartSearch SaaS Subscriptions: SmartSearch generates revenue through subscription-based SaaS model for its digital compliance and AML/KYC software platform. The company serves over 8,500 regulated firms and achieved double-digit revenue growth in 2024 with substantial margin expansion.
- Cerivo GRC Platform Subscriptions: Cerivo generates recurring revenues from its SaaS GRC platform serving over 1,000 customers across Scandinavia and Europe. The platform delivers double-digit recurring revenues and double-digit topline growth.
- Legal Benchmarking Group Subscriptions: Legal Benchmarking Group provides subscription-based access to legal rankings, data and insights through brands including IFLR, Benchmark Litigation, ITR and ManagingIP, serving customers across 120 countries.
- Derivia Intelligence Data Subscriptions: Derivia Intelligence provides mission-critical datasets and insights on structured products, futures and options, and primary debt markets through subscription-based access to its proprietary data brands (SRP, FOW, GlobalCapital).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SmartSearch offers enterprise compliance solutions with pricing based on customer size and requirements |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Triple Private Equity product offering
Product offeringCore offering
Triple Private Equity is a specialist private equity firm that invests off-market in small to mid-cap B2B data and analytics businesses in the UK and Northern Europe, providing mission-critical financial infrastructure and governance, risk and compliance solutions. The firm manages Triple Private Equity Fund I (EUR 513M at final close) and operates a hands-on value creation model with dedicated Investments and Value Creation teams supporting portfolio companies such as SmartSearch, Legal Benchmarking Group, Cerivo, Derivia Intelligence, Euromoney, and Extel.
Product overview
Triple Private Equity operates as a private equity firm with a portfolio of distinct B2B software and data businesses across Financial Infrastructure and Governance, Risk & Compliance sectors. The portfolio includes SmartSearch (UK AML/KYC compliance platform), Legal Benchmarking Group (legal data/insights with brands IFLR, Benchmark Litigation, ITR, ManagingIP), Derivia Intelligence (structured products/derivatives data via SRP, GlobalCapital, FOW), Euromoney (financial benchmarking), Extel (perception analytics), and Cerivo (GRC platform combining RISMA Systems, Wired Relations, and ComplyCloud). Each portfolio company operates as a distinct product entity with its own brand identity, customer base, and product offerings, unified under Triple's investment and value creation framework.
Differentiator
Problem solved
Functional benefit
Brands
- Cerivo: A leading Scandinavian GRC platform uniting complementary product offerings from RISMA Systems, Wired Relations, and ComplyCloud under one brand.
Products and services
- Triple Private Equity Fund I
- SmartSearch
- Legal Benchmarking Group
- Cerivo
- Derivia Intelligence
- Euromoney
- Extel
Quantifiable outcome
- SmartSearch achieved 31% year-on-year growth over the past decade and double-digit revenue growth with substantial margin expansion in 2024 under Triple's ownership
- +2 more outcomes
Companies that use Triple Private Equity
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Triple Private Equity technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Triple Private Equity partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Delinian (Derivia Intelligence, Extel, Euromoney)coreTriple acquired Derivia Intelligence, Extel and Euromoney simultaneously from Delinian in three separate transactions. Derivia Intelligence provides data on structured products, derivatives and debt markets. Extel provides perception analytics for capital markets. Euromoney offers benchmarking and intelligence for the banking industry. Each business is integral to mission-critical customer workflows with proprietary data assets.
- RISMA Systems, ComplyCloud, Wired RelationscoreTriple formed Cerivo by combining three Danish GRC businesses (RISMA Systems, ComplyCloud, Wired Relations) into a leading Scandinavian GRC platform. RISMA is a SaaS GRC company listed on Nasdaq First North. ComplyCloud provides full-service platform for data protection and IT security compliance. Wired Relations provides SaaS-based GRC platform supporting privacy compliance. The combined platform serves 1,000+ customers and completed bolt-on acquisition with Openli.
- DeliniancoreTriple has completed multiple transactions with Delinian to carve out standalone businesses. Transactions include: Legal Benchmarking Group (acquired April/May 2025), Derivia Intelligence, Extel, and Euromoney (acquired March 2026). Delinian and the businesses were looking for a specialist investor capable of supporting successful separation and stand-up of standalone businesses with strong pedigree in growing Data and Information businesses.
- bloss.mminorTriple partnered with bloss.m as part of their bInspired mentoring programme in which young women aged 17-25 are paired with female mentors from leading companies in a 6-month mentorship programme to provide technical expertise, understanding of careers in Private Equity, and essential soft skills for professional success. Triple colleagues Shivani and Annalisa presented workshops on 'How to approach a Private Equity deal' to mentees.
- SmartSearchcoreTriple acquired majority stake in SmartSearch as the first investment of its inaugural fund. SmartSearch is a leading UK provider of digital compliance and AML/KYC software serving 8,500+ regulated firms across financial services, legal, accountancy, property and insurance. Under Triple's ownership, SmartSearch completed bolt-on acquisition of Credas Technologies and achieved strong financial results with double-digit revenue growth and margin expansion.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Triple Private Equity competitors and assessment
Company assessmentBroad incumbents
- Insight Partners: Insight is a global software-focused growth and buyout investor with deep B2B SaaS and fintech exposure. Comparable on sector thesis (mission-critical software, recurring revenue) though geographically more US-centric.
- CVC Capital Partners: CVC is a global PE firm with broad sector exposure including financial services and software. Comparable on European institutional LP base and ability to pursue carve-outs of similar scale to Delinian, though CVC is far broader in mandate.
- EQT Partners: EQT is a major Nordic-headquartered global PE platform with significant B2B software, data, and compliance exposure across its growth and buyout funds. Comparable on Northern European origin and B2B tech thesis, though at meaningfully larger scale.
- Permira: Permira is a global PE firm with a long-standing B2B software and tech-enabled services franchise, including exposure to data and compliance-adjacent businesses. Comparable on European mid-to-large cap software investing and institutional LP base.
- IK Investment Partners: IK is a Northern European mid-market PE firm with B2B services and tech-enabled services exposure. Comparable on Nordic/UK focus and mid-market deal size band, providing direct competition for Triple's deal universe.
- Vista Equity Partners: Vista is the largest pure-play B2B software PE platform globally, with broadly overlapping investment criteria (mission-critical enterprise software, recurring revenue, high switching costs). Vista is much larger and broader, but competes for many of the same upper-mid-market software assets Triple targets.
- Bridgepoint: Bridgepoint is a major European mid-market PE firm with significant B2B software and data services exposure across its funds. Comparable on geography, deal size band, and B2B services orientation, though Bridgepoint invests more broadly across sectors.
Direct peers
- Circularity Capital: Circularity is a UK/Nordic growth investor with a B2B sustainability/tech franchise. Triple's Anders Brejner and Marius Araldsen both came from Circularity, and the firm competes for similar Northern European mid-market software deals.
- Hg Capital: Hg is the leading European B2B software and services PE platform, focused on enterprise/SMB software investments via its Saturn and Mercury funds. Hg is the closest direct peer — Triple's founder Mads Hansen was a Hg Partner, and multiple team members (Rachael Rogers in HR; broadly the software-investing playbook) come from Hg, making strategy, sector focus, and LP base directly comparable.
- GRO Capital: GRO is a Nordic-focused B2B software buyout sponsor. Triple's Director Anders Brejner was a founding Director at GRO, and the firm competes head-to-head for Nordic B2B software carve-outs and growth buyouts — making GRO one of the closest direct comparables on thesis, geography, and deal size.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Triple Private Equity social profiles
Digital presenceTriple Private Equity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Triple Private Equity leadership team
Management profileNumber of profiles
Profiles16 records
Triple Private Equity subsidiaries and ownership
Company hierarchySubsidiaries9 records
Triple Private Equity funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Triple Private Equity M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Triple Private Equity
What does Triple Private Equity do?
Triple Private Equity is a specialist private equity firm that invests off-market in small to mid-cap B2B data and analytics businesses in the UK and Northern Europe, providing mission-critical financial infrastructure and governance, risk and compliance solutions. The firm manages Triple Private Equity Fund I (EUR 513M at final close) and operates a hands-on value creation model with dedicated Investments and Value Creation teams supporting portfolio companies such as SmartSearch, Legal Benchmarking Group, Cerivo, Derivia Intelligence, Euromoney, and Extel.
Is Triple Private Equity a public or private company?
Triple Private Equity is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Triple Private Equity founded?
Triple Private Equity was founded in 2023. It employs 11 to 50 people.
Where is Triple Private Equity based?
Triple Private Equity is headquartered in London, United Kingdom, in the Europe region.
How does Triple Private Equity make money?
Five revenue lines are on record. Private Equity Fund Management is the primary driver. The others are smartSearch SaaS Subscriptions, cerivo GRC Platform Subscriptions, legal Benchmarking Group Subscriptions and derivia Intelligence Data Subscriptions.
Who are Triple Private Equity's main competitors?
Broad incumbents on record are Insight Partners, CVC Capital Partners, EQT Partners, Permira, IK Investment Partners, Vista Equity Partners and Bridgepoint. Direct peers are Circularity Capital, Hg Capital and GRO Capital.
Does Triple Private Equity have an API?
No public API is recorded for Triple Private Equity.
What industry is Triple Private Equity in?
Triple Private Equity's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.