Trilantic invests through equity and equity-linked securities transactions.

[5] Trilantic North America primarily targets investments in the business services, consumer, energy and financial services sectors; Trilantic Europe primarily targets investments in business services, consumer and leisure, healthcare, industrial and TMT sectors.

[6][7] The firm has managed six institutional private equity funds with aggregate capital commitments of $9.7 billion, as of July 2019.

[8] Trilantic was spun out from Lehman Brothers Merchant Banking (LBMB), in 2009,[9] by five founding partners, each of whom had workers at LBMB,[10][11] which had been founded as the private equity arm of Lehman Brothers, in 1986, during the 1980s leveraged buyout boom.

[12] In April 2009, Trilantic acquired LBMB out of the bankruptcy estate of Lehman Brothers with the support of Reinet Investments S.C.A, a Luxembourg securitization vehicle controlled by the Rupert family and listed on the Luxembourg Stock Exchange.