 Trimaran initially attempted to raise a third, $1.25 billion fund in 2004, but existing limited partners expressed dissatisfaction with the fact that the firm had not fully invested its existing fund and had yet to produce sufficient realizations to merit a new commitment.Although Trimaran is still in operation managing its existing investment funds, the key professionals in the firm have embarked on a number of different ventures.Following the failure of Trimaran to raise its third fund, in March 2007, Andrew Heyer, one of the three founders of Trimaran, left the firm to launch a new buyout firm.