Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Peltz’s Trian Raises $231 Million for Second Fund

Nelson Peltz, the money manager who successfully pushed Ingersoll-Rand Plc to sell some of its businesses, has raised $231 million from U.S. investors for a second strategic investment fund, according to a filing.

Trian Partners Strategic Investment Fund II LP began taking money on Dec. 11 and has received commitments from five investors, according to a Form D filing today with the U.S. Securities and Exchange Commission. The total raised may increase to as much as $2 billion, New York-based Trian said in the filing.

Anne Tarbell, a spokeswoman for Trian, declined to comment.

Peltz, 70, is known for taking stakes in companies and then engaging management in efforts to increase shareholder value. His first strategic investment fund, marketed as a vehicle that would take minority stakes in public companies and seek board representation, listed assets of $757 million in Trian’s most recent registration with the SEC.

The first strategic fund provided Peltz with some of the money he used to acquire what was initially a 7.3 percent stake in Ingersoll-Rand, a Swords, Ireland, company that generated about $14.8 billion in revenue last year. Ingersoll-Rand’s products include air-conditioning systems, climate control technologies and security systems.

As part of an agreement with Peltz, Ingersoll-Rand announced earlier this month that the company would spin off its residential and commercial security businesses within the next year. Ingersoll-Rand shares have climbed about 55 percent this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.