Form D · Hedge Fund

Trian Partners, L.P. (limited partnership interests)

New York, NY · CIK 0001473605

Offering snapshot reported Oct 9, 2026 · SEC filing

Reported sold
$1.83B
Indefinite offering
Investors reported
405
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Sep 1, 2009
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$915M$1.83BOct 29, 2009: $173,676,332.00Oct 29, 2009Feb 18, 2010: $482,521,281.00Feb 17, 2011: $569,044,639.00Feb 17, 2012: $715,391,929.00Mar 15, 2012: $717,876,329.00Apr 16, 2012: $728,007,683.00May 14, 2012: $734,903,133.00Sep 14, 2012: $747,653,604.00Oct 16, 2012: $764,121,645.00Jan 15, 2013: $772,595,646.00Apr 16, 2013: $776,489,201.00Jul 15, 2013: $823,768,351.00Aug 14, 2013: $837,575,101.00Oct 15, 2013: $982,664,601.00Dec 13, 2013: $1,045,982,601.00Jan 14, 2014: $1,152,332,937.00Apr 14, 2014: $1,203,892,298.00Jun 16, 2014: $1,225,213,415.00Jul 16, 2014: $1,234,956,414.00Oct 15, 2014: $1,255,261,998.00Jan 15, 2015: $1,333,710,811.00Apr 15, 2015: $1,380,063,311.00Jul 15, 2015: $1,498,993,260.00Oct 16, 2015: $1,515,191,674.00Jan 14, 2016: $1,575,777,299.00Apr 13, 2016: $1,585,792,299.00Jul 14, 2016: $1,606,848,637.00Jan 24, 2017: $1,650,215,994.00Jul 17, 2017: $1,670,652,008.00Jan 16, 2018: $1,695,449,154.00Oct 15, 2018: $1,724,936,294.00Oct 15, 2019: $1,761,203,674.00Oct 15, 2020: $1,809,542,117.00Oct 15, 2021: $1,819,720,117.00Oct 14, 2022: $1,829,320,117.00Oct 13, 2023: $1,829,670,117.00Oct 11, 2024: $1,830,125,056.00Oct 10, 2025: $1,830,125,056.00Oct 9, 2026: $1,830,125,056.00Oct 9, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 9, 2026Amendment$1,830,125,056$0vs Oct 10, 2025405SEC filing
Oct 10, 2025Amendment$1,830,125,056$0vs Oct 11, 2024405SEC filing
Oct 11, 2024Amendment$1,830,125,056$454,939vs Oct 13, 2023402SEC filing
Oct 13, 2023Amendment$1,829,670,117$350,000vs Oct 14, 2022399SEC filing
Oct 14, 2022Amendment$1,829,320,117$9,600,000vs Oct 15, 2021398SEC filing
Oct 15, 2021Amendment$1,819,720,117$10,178,000vs Oct 15, 2020392SEC filing
Oct 15, 2020Amendment$1,809,542,117$48,338,443vs Oct 15, 2019385SEC filing
Oct 15, 2019Amendment$1,761,203,674$36,267,380vs Oct 15, 2018381SEC filing
Oct 15, 2018Amendment$1,724,936,294$1,551,259,962vs Oct 29, 2009333SEC filing
Jan 16, 2018Amendment$1,695,449,154$1,521,772,822vs Oct 29, 2009329SEC filing
Jul 17, 2017Amendment$1,670,652,008$20,436,014vs Jan 24, 2017320SEC filing
Jan 24, 2017Amendment$1,650,215,994$1,476,539,662vs Oct 29, 2009312SEC filing
Jul 14, 2016Amendment$1,606,848,637$1,433,172,305vs Oct 29, 2009296SEC filing
Apr 13, 2016Amendment$1,585,792,299$1,412,115,967vs Oct 29, 2009291SEC filing
Jan 14, 2016Amendment$1,575,777,299$1,402,100,967vs Oct 29, 2009287SEC filing
Oct 16, 2015Amendment$1,515,191,674$1,341,515,342vs Oct 29, 2009271SEC filing
Jul 15, 2015Amendment$1,498,993,260$1,325,316,928vs Oct 29, 2009261SEC filing
Apr 15, 2015Amendment$1,380,063,311$1,206,386,979vs Oct 29, 2009243SEC filing
Jan 15, 2015Amendment$1,333,710,811$1,160,034,479vs Oct 29, 2009214SEC filing
Oct 15, 2014Amendment$1,255,261,998$1,081,585,666vs Oct 29, 2009187SEC filing
Jul 16, 2014Amendment$1,234,956,414$1,061,280,082vs Oct 29, 2009173SEC filing
Jun 16, 2014Amendment$1,225,213,415$1,051,537,083vs Oct 29, 2009163SEC filing
Apr 14, 2014Amendment$1,203,892,298$1,030,215,966vs Oct 29, 2009139SEC filing
Jan 14, 2014Amendment$1,152,332,937$978,656,605vs Oct 29, 2009118SEC filing
Dec 13, 2013Amendment$1,045,982,601$872,306,269vs Oct 29, 2009112SEC filing
Oct 15, 2013Amendment$982,664,601$808,988,269vs Oct 29, 200997SEC filing
Aug 14, 2013Amendment$837,575,101$663,898,769vs Oct 29, 200984SEC filing
Jul 15, 2013Amendment$823,768,351$650,092,019vs Oct 29, 200975SEC filing
Apr 16, 2013Amendment$776,489,201$602,812,869vs Oct 29, 200969SEC filing
Jan 15, 2013Amendment$772,595,646$598,919,314vs Oct 29, 200967SEC filing
Oct 16, 2012Amendment$764,121,645$590,445,313vs Oct 29, 200964SEC filing
Sep 14, 2012Amendment$747,653,604$573,977,272vs Oct 29, 200963SEC filing
May 14, 2012Amendment$734,903,133$561,226,801vs Oct 29, 200959SEC filing
Apr 16, 2012Amendment$728,007,683$554,331,351vs Oct 29, 200958SEC filing
Mar 15, 2012Amendment$717,876,329$544,199,997vs Oct 29, 200957SEC filing
Feb 17, 2012Amendment$715,391,929$541,715,597vs Oct 29, 200957SEC filing
Feb 17, 2011Amendment$569,044,639$395,368,307vs Oct 29, 200939SEC filing
Feb 18, 2010Amendment$482,521,281$308,844,949vs Oct 29, 200933SEC filing
Oct 29, 2009Initial$173,676,332No comparison16SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$6.89M (estimated)
Finders' fees
$0
Form D file number
021-135668
Agreements with ABG, LLC and J.P. Morgan Securities LLC were each terminated on April 29, 2020, and April 1, 2023, respectively.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Morgan Stanley Smith Barney LLC000149777
J.P. Morgan Securities LLC000000079
Jefferies LLC000002347
RBC Capital Markets, LLC000031194
ABG, LLC000167190

Source: Form D, filed Oct 9, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

TRIAN PARTNERS, L.P.

Investment adviser: TRIAN FUND MANAGEMENT, L.P.

Gross asset value
$606M
Beneficial owners
56
ADV minimum commitment
$10M

Reported in Form ADV on Jul 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator HEDGESERV (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →
Custodian THE BANK OF NEW YORK MELLON CORPORATION NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

THE BANK OF NEW YORK MELLON CORPORATION
LEI WFLLPEPC7FZXENRZV188

JEFFERIES LLC
CRD 2347 · SEC 8-15074

MORGAN STANLEY
CRD 149777 · SEC 801-70103

Fund asset history · 5 annual observations Gross asset value by annual ADV filing$0$559M$1.12BFY 2021: $1,118,286,633.00FY 2021FY 2022: $927,423,223.00FY 2022FY 2023: $745,099,380.00FY 2023FY 2024: $719,641,694.00FY 2024FY 2025: $604,710,654.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2021$1,118,286,633128Mar 31, 2022
2022$927,423,223109Mar 31, 2023
2023$745,099,380115Mar 29, 2024
2024$719,641,69480Mar 31, 2025
2025$604,710,65461Mar 31, 2026
Filing source

Form ADV 2118182 · Jul 31, 2026 · Schedule D 7.B.(1), fund 805-5365773517

Reported by TRIAN FUND MANAGEMENT, L.P. (CRD 154172).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Edward P. Garden Executive
Peter W. May Executive
Nelson Peltz Executive
Darren Peltz Executive
Matthew Peltz Executive
Trian Fund Management, L.P. Promoter
Trian Partners General Partner, Llc Executive
Trian Partners General Partner, Llc Trian Partners General Partner, Llc Executive
Trian Partners Gp, L.P. Executive
Trian Partners Gp, L.P. Trian Partners Gp, L.P. Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
280 Park Avenue, 41 St Floor
New York, NY, 10017