Trio Capital: Under Construction
One of the lesser known stories of the last two years is that of Trio Capital. Trio is staffed by a group of ex-telecom luminaries, including Microcell's Andre Tremblay and Nortel's Pascal Debon. Trio partnered with the Caisse in 2006 to launch the Telecom Media Fund, an investment vehicle seeded with $200 million for telecom investments. The amount seemed astonishingly large for a group of first time fund managers. Their first investment was $50 million into Cellfish Media, followed by one other publicly announced deal.
There have been rumours that the direction of the Trio/Caisse partnership has changed, and its current "under construction" note would bear that out. I'd never count out Andre Tremblay, and so I'll watch to see how he repositions Trio - this is a team with the skills to make buyouts in telecom.