Altassets – US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital.
Catterton Growth Partners has already made an $18m investment in Sweet Leaf Tea and a $17m investment in Miss Matched.
J Michael Chu, managing partner, Catterton Partners, said, ‘Our focus on the consumer sector has enabled us to establish the expertise and relationships necessary to set both our firm and its performance apart. By maintaining this focus and our financial discipline, I am confident that we will continue to deliver strong returns with Catterton Growth Partners, L.P. to the benefit of both our limited partners and the companies in which we invest.’
