This article was supported by RTC’s new Research Analyst Joseph Chiang. Please welcome him to the team!
State of Play
Sometimes, when researching niche corners of private equity, you do a double take–private equity invested in what? Today’s topic is bail bond services.
In 2012, Endeavour Capital created Triton HoldCo to invest in the bail bond services market. Under growing pressure from advocacy groups, Triton was ultimately sold to an undisclosed buyer in 2020.
Aside from the novelty of the idea, the investment had several interesting angles and merits that we’ll cover in this piece.
Just remember: next time you end up in jail, Triton is still owned by some low-profile investor group out there, profiting off your troubles.