 Trimaran Capital Partners became independent of CIBC in February 2006

Although Trimaran had made some investments in telecom and internet startups in 2000 and had also made investments in companies such as Iasis Healthcare and Village Voice Media, the bulk of its capital from its $1 billion 2001-vintage private equity fund was uninvested after its first year and a half.From the end of 2002 through mid-2005, Trimaran actively pursued new investments.In December 2002, Trimaran partnered with Kohlberg Kravis Roberts & Co. to purchase the transmission business subsidiary, ITC Transmission, from DTE Energy.