Trian Fund Management, L.P. is an alternative investment management firm founded in 2005 by Nelson Peltz and Peter May, with offices in New York and Florida. The firm provides discretionary and non-discretionary investment advisory services to private investment partnerships, drawdown funds, and separately managed accounts, collectively referred to as the funds. Trian employs an active, engaged shareholder approach, utilizing deep operational expertise and an ownership mentality to invest in high-quality public and private companies with untapped potential. The investment strategy typically focuses on consumer, industrial, and financial services sectors, seeking to drive long-term value by working constructively with corporate management and boards of directors. Trian manages assets primarily for institutional and high-net-worth investors, requiring investors to be accredited and qualified purchasers. The firm utilizes a broad range of investment instruments, including equity securities, fixed income, derivatives, and leverage, while also navigating complex conflicts of interest related to board seats, side-by-side management, and co-investment opportunities.
Fee Structure
Trian Fund Management charges management fees and performance compensation based on each fund's offering documents:
- Management Fees — Generally range from 1.0% to 2.0% per annum of the net asset value for standard funds, or 1.5% for drawdown-style funds.
- Performance Compensation — Generally ranges from 15% to 20% of net profits (incentive allocation or carried interest), subject to high-water marks and preferred return hurdles in certain vehicles.