TRIGUARD MANAGEMENT LLC

Thesis

Triguard Management LLC, operating as Montauk TriGuard, is a specialized investment firm focused on the private equity secondary market, providing niche liquidity solutions rather than traditional primary fund investments. Their strategy centers on offering value-added liquidity for "niche" areas such as tertiary liquidity, consortia carve-outs and strips, specialty funds, small transactions, seasoned tail-ends, and fund manager liquidity. The firm emphasizes a relationship-driven approach, utilizing its extensive network and deep market understanding to source proprietary transactions, aiming to be a preferred partner due to its speed, certainty of execution, and discretion. Geographically, their focus is primarily on North America, with a strong presence in the United States, particularly California. As of May 11, 2026, the firm managed $1.88 billion in discretionary regulatory assets under management. Their portfolio consists of limited partner interests in various private equity funds, rather than direct investments in operating companies.