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Triton Pacific Investment Corporation Launches Follow-On Offering at $15.33 Per Share

Triton Pacific Investment Corporation LLC, a non-traded private equity fund, launched a $300 million follow-on offering of class A common stock for $15.33 per share. The previous price per share was $15.00.

Class A shares have a maximum upfront sales load of 10 percent, as well as an offering expenses charge of 2 percent. The minimum investment is $5,000.

In the future, Triton Pacific also intends to submit an application with the SEC to offer class T shares.

Class T shares have an upfront sales load of 4 percent, which include a 1 percent sales commission and 3 percent for dealer manager fee. Class T shares will also be subject to an annual distribution fee of 1.25 percent and a deferred sales charge of 3.5 percent.

Triton Pacific Capital Partners is a private equity firm founded in 2001 that invests in both debt and equity securities of privately held small and mid-size entrepreneurial businesses. Triton Pacific currently manages four private equity funds and is the sponsor of Triton Pacific Investment Corporation. As of March 14, 2016, the fund has raised $9.9 million in investor equity.

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