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tridentcap.com

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Investments

333

Portfolio Exits

96

Funds

16

About Trident Capital

Founded in 1993, Trident Capital is a private equity and venture capital firm which manages over $1.6 billion of capital focused on developing world class information services and software business. The firm invests in companies independent of size or stage of growth in software, business services and the internet.

Trident Capital Headquarters Location

400 S. El Camino Real Suite 300

San Mateo, California, 94402,

United States

650-289-4400

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Latest Trident Capital News

Hedge Fund Trident Capital Management LLC Earns Top-Ten Performance Award

Aug 7, 2019

Highly Acclaimed Systematic Trader Jay Feuerstein is back News provided by Share this article CHICAGO, Aug. 7, 2019 /PRNewswire/ -- Jay Feuerstein, a highly-acclaimed systematic trader with more than three decades as a quant-trader and portfolio engineer, is back at it again, receiving the "Top-Ten" performance award from BarclayHedge for his fund's June 2019 return of +8.9%. Feuerstein, who launched his fund, the Trident Futures Fund LP ("TCM", "Trident") in January of this year, has reported five of the six months in the positive and has a year-to-date return of 16%, through June 30, 2019. Past performance is not necessarily indicative of future results. TCM was built to be "the most durable, differentiated and diverse portfolio in the Global-Macro space. The main edge is its ability to identify risk regimes and profit from the re-pricing of assets during the times of changing risk-appetite. While other Systematic Global-Macro and CTA portfolios suffered during the past decade, TCM, which trades only Futures, was designed to out-perform during the post-2008 trading era," commented Jay. "Our cutting-edge quant models are able to determine risk regimes that dictate our appetite for risk assets, which has been the key to performing during those hard years. When the stock-market bottomed in 2009, after the prior-year's crash, TCM models not only exploited the crash but they were also nimble enough to re-balance and profit when stocks changed course, and rallied," he continued. Feuerstein, whose pedigree and personal successes alone provides credibility for TCM's investors (He founded and was CEO of Xenon Capital Management which reported +43% return during the 2008 debacle, earning him "Top-Trader" by Futures Magazine and featured him the in February 2009 article. He also led Xenon through numerous performance awards, including IAIR award in 2011 and 2012 as a top U.S. managed Futures firm. He later sold Xenon to Manning and Napier, a publicly traded Asset Manager and spent two years with them before leaving to begin working on the development of TCM). It was this experience and Jay's thesis for the new fund that led two Chicago-based family offices (D'Orazio Capital and G-Bar LP) in their decision to partner with him. Matt Gray, President of G-Bar LP, one of Chicago's largest and most profitable trading houses, shared, "Our firm reviewed well in-excess of 1,000 proposals for new funds and trading strategies over the years and TCM is the first one we elected to support. What Jay designed is not only unique, but to be candid, makes logical sense. We strongly believe the market will be interested in learning about the opportunity TCM provides." "The goal of TCM was to create a differentiated strategy from its peers in an opportunistic way; as an example, TCM exploits trends if present, but if choppy, as they have been since 2008, our portfolio re-balances and focuses on the risk regime aspects, rather than trends. So, at times, TCM has negative correlations with peers and at other times, strong correlations, depending on the profit opportunity. Overall, the daily correlation to the CTA indices, thus far, is under 0.4 and the correlation to the stock-market is zero," Jay stated. Matt Gray commented, "We have capacity in excess of $1 billion, but our goal for TCM is rather simple: maintain performance as we grow and considering we trade the most liquid markets in the world, we should have no problem doing just that. "  As for a final thought from Feuerstein, "This is a culmination of all that I have done over the past 30 years. It is my legacy, and I am so very proud and excited to bring the opportunities of TCM to the market." About Trident Capital Management LLC Trident Capital Management LLC ("TCM") is a fully diversified Systematic Global-Macro strategy, trading all four asset classes:  stocks, bonds, commodities, and currencies. TCM earns its profit on the re-pricing of those asset classes during changes in economic-cycles, as well as risk-regimes. For more information about TCM, please visit www.tcmff.com , or call Matthew Rawlings, Partner in charge of Investor Relations at (312) 948-8938. Past performance is not necessarily indicative of future results. Matthew Rawlings

Trident Capital Investments

333 Investments

Trident Capital has made 333 investments. Their latest investment was in NinthDecimal as part of their Unattributed VC - III on July 7, 2021.

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Trident Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2021

Unattributed VC - III

NinthDecimal

$1M

No

1

9/11/2020

Unattributed VC - II

NinthDecimal

$8M

No

1

7/11/2017

Series E

HyTrust

$36M

No

1

5/16/2017

Series F

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$99M

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10

2/8/2017

Series E

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$99M

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10

Date

7/13/2021

9/11/2020

7/11/2017

5/16/2017

2/8/2017

Round

Unattributed VC - III

Unattributed VC - II

Series E

Series F

Series E

Company

NinthDecimal

NinthDecimal

HyTrust

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Amount

$1M

$8M

$36M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

1

1

10

10

Trident Capital Portfolio Exits

96 Portfolio Exits

Trident Capital has 96 portfolio exits. Their latest portfolio exit was Amprius on May 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/12/2022

Acq - Pending

$99M

3

1/13/2022

Acquired

$99M

5

4/27/2021

Acquired

$99M

10

1/14/2021

Acquired

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$99M

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10

9/10/2020

Acquired

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$99M

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10

Date

5/12/2022

1/13/2022

4/27/2021

1/14/2021

9/10/2020

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

5

10

10

10

Trident Capital Acquisitions

6 Acquisitions

Trident Capital acquired 6 companies. Their latest acquisition was ArroHealth on October 01, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/1/2013

Other Venture Capital

$99M

Acq - Fin

1

12/14/2011

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$99M

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10

7/7/2010

Series B

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$99M

$99M

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0

4/12/2005

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$99M

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0

4/8/2005

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$99M

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10

Date

10/1/2013

12/14/2011

7/7/2010

4/12/2005

4/8/2005

Investment Stage

Other Venture Capital

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

1

10

0

0

10

Trident Capital Fund History

16 Fund Histories

Trident Capital has 16 funds, including Trident Cyber Co-Investors I-C.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/4/2018

Trident Cyber Co-Investors I-C

$18.07M

1

1/27/2016

Trident Capital Growth Fund

$300M

1

9/17/2015

Trident Cyber Co-Investors I LP

Co-Investment Fund

Closed

$8M

1

12/31/2010

Trident Capital Fund-VII LP

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$99M

10

3/31/2008

Affiliates Fund

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$99M

10

Closing Date

5/4/2018

1/27/2016

9/17/2015

12/31/2010

3/31/2008

Fund

Trident Cyber Co-Investors I-C

Trident Capital Growth Fund

Trident Cyber Co-Investors I LP

Trident Capital Fund-VII LP

Affiliates Fund

Fund Type

Co-Investment Fund

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Status

Closed

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Amount

$18.07M

$300M

$8M

$99M

$99M

Sources

1

1

1

10

10

Trident Capital Team

21 Team Members

Trident Capital has 21 team members, including current Founder, Managing Director, Donald Dixon.

Name

Work History

Title

Status

Donald Dixon

Founder

Current

Donald Dixon

Founder, Managing Director

Current

John H. Moragne

Bain Capital, and Bain & Company

Founder, Managing Director

Current

Rockwell A Schnabel

Founder

Current

Jennifer Gunn

Chief Financial Officer

Current

Name

Donald Dixon

Donald Dixon

John H. Moragne

Rockwell A Schnabel

Jennifer Gunn

Work History

Bain Capital, and Bain & Company

Title

Founder

Founder, Managing Director

Founder, Managing Director

Founder

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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