# Triangle Peak Partners: portfolio, investments and team

> Triangle Peak Partners is an asset manager based in United States. 58 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/triangle-peak-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Triangle Peak Partners

Last cheque observed Nov 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $150M, Apr 2019 Asset manager

Growth Technology Clean Tech Energy

Follow Triangle Peak Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftriangle-peak-partners)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 58 on record

Since the last cheque **2539** days **00** hrs **00** min **00** sec

Median round **$33M** Rounds led **1 of 58** Sole investor **5 rounds** Exits **8 from the portfolio** Mostly in **United States, 97%**

Pitch Triangle Peak Partners

## Triangle Peak Partners highlights

- 01 58 rounds on record
- 02 Mostly Series C and Series B: 57% of its rounds
- 03 Sole investor in 5 rounds, median $300M
- 04 8 exits from the portfolio

## What they do

> Triangle Peak Partners is a multi-strategy asset management firm with a focus on growth stage investments in technology, clean tech and energy. From their own website

- **Type:** Asset manager
- **Cheque size:** Not stated
- **Stages:** Growth
- **Sectors:** Technology Clean Tech Energy
- **Based in:** Carmel-by-the-Sea, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **58 appearances**

- **2019** 3 rounds
- **Nov** **[Aerospike](https://millionrounds.com/company/aerospike)** Series D · US · FinSMEs **$32M** *Led*
- **Nov** **[SquareFoot](https://millionrounds.com/company/squarefoot)** Series B · US · FinSMEs **$16M** With 4 others
- **Jul** **[Heap](https://millionrounds.com/company/heap)** Series C · US · FinSMEs **$55M** With 9 others
- **2018** 2 rounds
- **May** **[Mesosphere](https://millionrounds.com/company/mesosphere)** Series D · US · FinSMEs **$125M** With 9 others
- **Apr** **[SquareFoot](https://millionrounds.com/company/squarefoot)** Series A · US · FinSMEs **$7.0M** With 10 others
- **2016** 1 round
- **Jun** **[AlphaSense](https://millionrounds.com/company/alphasense)** **$33M** With 3 others
- **2015** 4 rounds
- **Nov** **[OpenHouse](https://millionrounds.com/company/openhouse)** Series A **$14M** With 1 other
- **Oct** **[Sunnova](https://millionrounds.com/company/sunnova)** Debt · US **$300M** Sole investor
- **Oct** **[Stitch Labs](https://millionrounds.com/company/stitch-labs)** Series B · US **$15M** With 2 others
- **Apr** **[TheSquareFoot](https://millionrounds.com/company/thesquarefoot)** Seed · US **$2.0M** With 2 others
- **2014** 9 rounds
- **Nov** **[Sunnova](https://millionrounds.com/company/sunnova)** Venture · US **$250M** With 1 other
- **Nov** **[Getaround](https://millionrounds.com/company/getaround)** Series B · US **$24M** With 3 others
- **Oct** **[SnapLogic](https://millionrounds.com/company/snaplogic)** Series D · US **$20M** With 4 others
- **Sept** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series G · US **$35M** With 8 others
- **Aug** **[Agent Ace](https://millionrounds.com/company/agent-ace)** Series A · US **Undisclosed** With 1 other
- **Jun** **[Puppet Labs](https://millionrounds.com/company/puppet-labs)** Series E · US **$40M** With 4 others
- **Apr** **[Boundary](https://millionrounds.com/company/boundary)** Series C · US **$22M** With 3 others
- **Apr** **[SCIenergy](https://millionrounds.com/company/scienergy)** Venture · US **$12M** With 4 others
- **Mar** **[TakeLessons](https://millionrounds.com/company/takelessons)** Series C · US **$7.0M** With 4 others
- **2013** 12 rounds
- **Dec** **[Kurtosys](https://millionrounds.com/company/kurtosys)** Series C · GB **$8.0M** With 1 other
- **Dec** **[Sojern](https://millionrounds.com/company/sojern)** Series C · US **$10M** With 4 others
- **Oct** **[Prism Skylabs](https://millionrounds.com/company/prism-skylabs)** Series B · US · finsmes.com **$15M** With 9 others
- **Oct** **[Agent Ace](https://millionrounds.com/company/agent-ace)** Seed · US **Undisclosed** Sole investor
- **Oct** **[Achates Power](https://millionrounds.com/company/achates-power)** Series C · US · finsmes.com **$35M** With 4 others
- **Sept** **[Guardian Analytics](https://millionrounds.com/company/guardian-analytics)** Series E · US · sec.gov **$12M** With 3 others
- **Jul** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series F · US · finsmes.com **$44M** With 8 others
- **May** **[Machinima](https://millionrounds.com/company/machinima)** US **Undisclosed** With 1 other
- **Apr** **[Vidyo](https://millionrounds.com/company/vidyo)** Growth · US · freshnews.com **$17M** With 5 others
- **Apr** **[Vidyo](https://millionrounds.com/company/vidyo)** Series D · US **$17M** With 7 others
- **Jan** **[TakeLessons](https://millionrounds.com/company/takelessons)** Series C · US · techcrunch.com **$4.0M** With 4 others
- **Jan** **[TakeLessons](https://millionrounds.com/company/takelessons)** Series B · US **$4.0M** With 5 others
- **2012** 5 rounds
- **Oct** **[Prism Skylabs](https://millionrounds.com/company/prism-skylabs)** Series A · US · techcrunch.com **$7.5M** With 12 others
- **Sept** **[SnapLogic](https://millionrounds.com/company/snaplogic)** Series C · US · marketwire.com **$20M** With 2 others
- **Feb** **[Marin Software](https://millionrounds.com/company/marin-software)** Series F · US · venturebeat.com **$30M** With 6 others
- **Jan** **[Framehawk](https://millionrounds.com/company/framehawk)** Series B · US · sec.gov **$5.5M** With 2 others
- **Jan** **[Quotient Technology](https://millionrounds.com/company/quotient-technology)** US **Undisclosed** Sole investor
- **2011** 10 rounds
- **Dec** **[Framehawk](https://millionrounds.com/company/framehawk)** Series B · US · finsmes.com **$11M** With 3 others
- **Sept** **[Yieldex](https://millionrounds.com/company/yieldex)** Series C · US · paidcontent.org **$10M** With 4 others
- **Aug** **[SCIenergy](https://millionrounds.com/company/scienergy)** Series C · US · finsmes.com **$9.6M** With 1 other
- **Jun** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series D · US · techcrunch.com **$21M** With 7 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

DF **Dain Flagg Degroff** Managing Member of Triangle Peak Partners Global Allocation GP, LLC, the General Partner i Filing they signed

DL **David Laurence Pesikoff** Managing Member of Triangle Peak Partners Global Allocation GP, LLC, the General Partner i Filing they signed

MC **Michael Creighton Morgan** Managing Member of Triangle Peak Partners Global Allocation GP, LLC, the General Partner i Filing they signed

SM **Scott Michael Bilyeu** Chief Financial Officer; Chief Compliance Officer i Form ADV

TC **Tyler C Peterson** MANAGER OF TPP III GP, LLC, GENERAL PARTNER i Filing they signed

We also hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$272M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Triangle PEAK Partners, LP
- **SEC number:** CRD 147917

Funds on its Form ADV

**3** private funds, **$271M** in gross assets · filed Jul 2024

- Triangle Peak Partners III, L.P. *Hedge* 20 investors $134M
- Triangle Peak Partners II, L.P. *Hedge* 31 investors $106M
- Triangle Peak Partners Private Equity, L.P. *Hedge* 23 investors $31M

## Exits from the portfolio

Companies it backed that were later bought or listed **8 in all**

**[TakeLessons](https://millionrounds.com/company/takelessons)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Sept 2021

**[Fusion-io](https://millionrounds.com/company/fusion-io)** Bought by [SanDisk](https://millionrounds.com/fund/sandisk) **$1.1B** Jun 2014

**[Framehawk](https://millionrounds.com/company/framehawk)** Bought by [Citrix Systems](https://millionrounds.com/fund/citrix) **Undisclosed** Jan 2014

**[Optify](https://millionrounds.com/company/optify)** Bought by [Marketo](https://millionrounds.com/fund/marketo) **Undisclosed** Aug 2013

**[Tremor Video](https://millionrounds.com/company/tremor-video)** Listed **$75M** Jun 2013

**[Marin Software](https://millionrounds.com/company/marin-software)** Listed **$105M** Mar 2013

**[LibreDigital](https://millionrounds.com/company/libredigital)** Bought by RR Donnelley (Nasdaq:RRD) **Undisclosed** Aug 2011

**[Fliqz](https://millionrounds.com/company/fliqz)** Bought by VBrick Systems, Inc. **Undisclosed** Feb 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$150M**

raised in Apr 2019

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth

Median round joined **$33M** the round, not its cheque Alone, median **$300M**

Led 1 of 58 rounds **2%**

- **Sole investor:** 5 rounds
- **Last cheque:** Nov 2019
- **Exits:** 8 from the portfolio

Rounds by stage said on their site

- Series C *15*
- Series B *12*
- Series D *10*
- Series A *4*
- Seed *3*
- Series E *3*
- Growth said *-*

Cheques by year Led Joined

2009 2019

Often in the room with

- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 6
- [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) 6
- [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) 5
- [DFJ](https://millionrounds.com/fund/dfj) 5
- [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) 5
- [SAP Ventures](https://millionrounds.com/fund/sap-ventures) 4

**Pitching Triangle Peak Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Triangle Peak Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Andreessen Horowitz** VC firm **6** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Menlo Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Crosslink Capital** VC firm **5** rounds together](https://millionrounds.com/fund/crosslink-capital)[**DFJ** VC firm **5** rounds together](https://millionrounds.com/fund/dfj)[**Sapphire Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/sapphire-ventures)[**SAP Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/sap-ventures)[**Alsop Louie Partners** VC firm **3** rounds together](https://millionrounds.com/fund/alsop-louie)[**Amicus Capital** VC firm **3** rounds together](https://millionrounds.com/fund/amicus-capital-l-p)[**Appian Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/appian-ventures)[**Benchmark** VC firm **3** rounds together](https://millionrounds.com/fund/benchmark)[**Correlation Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/correlation-ventures)[**DAG Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/dag-ventures)

## Recently backed

The latest companies Triangle Peak Partners put money into.

[**Aerospike** $32M · Nov 2019](https://millionrounds.com/company/aerospike)[**SquareFoot** $16M · Nov 2019](https://millionrounds.com/company/squarefoot)[**Heap** $55M · Jul 2019](https://millionrounds.com/company/heap)[**AlphaSense** $33M · Jun 2016](https://millionrounds.com/company/alphasense)

## Quick answers about Triangle Peak Partners

### What does Triangle Peak Partners invest in?

Triangle Peak Partners invests most often at Series C and Series B (57% of the rounds on record), in sectors such as Technology, Clean Tech and Energy.

### How active is Triangle Peak Partners?

58 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Nov 2019.

### What has Triangle Peak Partners invested in recently?

Its most recent investments on record: Aerospike (Series D, Nov 2019), SquareFoot (Series B, Nov 2019) and Heap (Series C, Jul 2019).

### How big are Triangle Peak Partners's cheques?

The median round it joins is $33M.

### Does Triangle Peak Partners lead rounds?

Sometimes: it led 1 of its 58 investments on record (2%).

### Where does Triangle Peak Partners invest?

Most of the companies it backs are in the United States (97%).

### Is Triangle Peak Partners investing now?

No investments in the last 12 months; the latest was in Nov 2019.

### Who does Triangle Peak Partners invest alongside?

Most often Andreessen Horowitz (6 rounds together), Menlo Ventures (6 rounds together) and Crosslink Capital (5 rounds together).

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