Form D · Hedge Fund

Trian Partners, Ltd.

George Town, Grand Cayman, E9 · CIK 0001475112

Offering snapshot reported Jan 9, 2026 · SEC filing

Reported sold
$1.43B
Indefinite offering
Investors reported
114
Form D · investor count
Minimum accepted
$50K
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$714M$1.43BOct 28, 2009: $40,817,231.00Oct 28, 2009Feb 18, 2010: $450,943,806.00Feb 17, 2011: $503,693,269.00Feb 17, 2012: $496,548,502.00Sep 14, 2012: $529,659,946.00Oct 16, 2012: $553,622,990.00Jan 15, 2013: $565,853,870.00Apr 16, 2013: $608,100,531.00Jul 15, 2013: $690,999,424.00Oct 15, 2013: $730,682,224.00Dec 13, 2013: $809,622,224.00Jan 14, 2014: $954,447,224.00Apr 14, 2014: $997,274,785.00Jul 16, 2014: $1,011,471,689.00Oct 15, 2014: $1,064,067,234.00Jan 15, 2015: $1,079,667,234.00Apr 15, 2015: $1,159,842,234.00May 15, 2015: $1,163,592,234.00Jul 15, 2015: $1,198,232,234.00Oct 16, 2015: $1,290,508,614.00Jan 14, 2016: $1,290,508,614.00Apr 13, 2016: $1,298,858,614.00Jan 24, 2017: $1,335,888,495.00Oct 16, 2017: $1,368,898,386.00Jul 16, 2018: $1,404,506,030.00Apr 15, 2019: $1,412,601,462.00Jan 15, 2020: $1,415,369,969.00Jan 15, 2021: $1,428,420,225.00Jan 14, 2022: $1,428,420,225.00Jan 13, 2023: $1,428,420,225.00Jan 12, 2024: $1,428,420,225.00Jan 10, 2025: $1,428,420,225.00Jan 9, 2026: $1,428,420,225.00Jan 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
Jan 9, 2026Amendment$1,428,420,225$0vs Jan 10, 2025114SEC filing
Jan 10, 2025Amendment$1,428,420,225$0vs Jan 12, 2024114SEC filing
Jan 12, 2024Amendment$1,428,420,225$0vs Jan 13, 2023114SEC filing
Jan 13, 2023Amendment$1,428,420,225$0vs Jan 14, 2022114SEC filing
Jan 14, 2022Amendment$1,428,420,225$0vs Jan 15, 2021114SEC filing
Jan 15, 2021Amendment$1,428,420,225$13,050,256vs Jan 15, 2020114SEC filing
Jan 15, 2020Amendment$1,415,369,969$2,768,507vs Apr 15, 2019114SEC filing
Apr 15, 2019Amendment$1,412,601,462$1,371,784,231vs Oct 28, 2009113SEC filing
Jul 16, 2018Amendment$1,404,506,030$1,363,688,799vs Oct 28, 2009113SEC filing
Oct 16, 2017Amendment$1,368,898,386$1,328,081,155vs Oct 28, 2009109SEC filing
Jan 24, 2017Amendment$1,335,888,495$1,295,071,264vs Oct 28, 2009100SEC filing
Apr 13, 2016Amendment$1,298,858,614$1,258,041,383vs Oct 28, 200993SEC filing
Jan 14, 2016Amendment$1,290,508,614$1,249,691,383vs Oct 28, 200991SEC filing
Oct 16, 2015Amendment$1,290,508,614$1,249,691,383vs Oct 28, 200991SEC filing
Jul 15, 2015Amendment$1,198,232,234$1,157,415,003vs Oct 28, 200987SEC filing
May 15, 2015Amendment$1,163,592,234$1,122,775,003vs Oct 28, 200979SEC filing
Apr 15, 2015Amendment$1,159,842,234$1,119,025,003vs Oct 28, 200975SEC filing
Jan 15, 2015Amendment$1,079,667,234$1,038,850,003vs Oct 28, 200970SEC filing
Oct 15, 2014Amendment$1,064,067,234$1,023,250,003vs Oct 28, 200964SEC filing
Jul 16, 2014Amendment$1,011,471,689$970,654,458vs Oct 28, 200959SEC filing
Apr 14, 2014Amendment$997,274,785$956,457,554vs Oct 28, 200958SEC filing
Jan 14, 2014Amendment$954,447,224$913,629,993vs Oct 28, 200954SEC filing
Dec 13, 2013Amendment$809,622,224$768,804,993vs Oct 28, 200952SEC filing
Oct 15, 2013Amendment$730,682,224$689,864,993vs Oct 28, 200947SEC filing
Jul 15, 2013Amendment$690,999,424$650,182,193vs Oct 28, 200940SEC filing
Apr 16, 2013Amendment$608,100,531$567,283,300vs Oct 28, 200936SEC filing
Jan 15, 2013Amendment$565,853,870$525,036,639vs Oct 28, 200933SEC filing
Oct 16, 2012Amendment$553,622,990$512,805,759vs Oct 28, 200932SEC filing
Sep 14, 2012Amendment$529,659,946$488,842,715vs Oct 28, 200930SEC filing
Feb 17, 2012Amendment$496,548,502$455,731,271vs Oct 28, 200927SEC filing
Feb 17, 2011Amendment$503,693,269$462,876,038vs Oct 28, 200920SEC filing
Feb 18, 2010Amendment$450,943,806$410,126,575vs Oct 28, 200919SEC filing
Oct 28, 2009Initial$40,817,231No comparison3SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$656K (estimated)
Finders' fees
$0
Form D file number
021-135656
Agreements with ABG, LLC and J.P. Morgan Securities, LLC were terminated on April 29, 2020, and April 1, 2023, respectively.

Sales compensation recipients

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

Source: Form D, filed Jan 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, LTD.

Investment adviser: TRIAN FUND MANAGEMENT, L.P.

Gross asset value
$560M
Beneficial owners
16
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 THE BANK OF NEW YORK MELLON CORPORATION NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer FAROUK BASTAKI (WHO ACTS AS AN ADVISOR TO TRIAN) KUWAIT CITY, Kuwait 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
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

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$536M$1.07BFY 2021: $1,071,410,201.00FY 2021FY 2022: $894,297,262.00FY 2022FY 2023: $895,185,962.00FY 2023FY 2024: $629,561,524.00FY 2024FY 2025: $578,270,201.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2021$1,071,410,20139Mar 31, 2022
2022$894,297,26230Mar 31, 2023
2023$895,185,96229Mar 29, 2024
2024$629,561,52419Mar 31, 2025
2025$578,270,20118Mar 31, 2026
Filing source

Form ADV 2118182 · Jul 31, 2026 · Schedule D 7.B.(1), fund 805-9788899998

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 Director
Sarah Kelly Director
Peter W. May Director
Laura Mc Geever Director
Karl O'reilly Director
Nelson Peltz Director
Geoff Ruddick Director
Trian Fund Management, L.P Promoter
Trian Fund Management, L.P. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1-9008