Private equity firm TZP Group closed its third fund with $177m in capital commitments.
TZP Growth Partners I, L.P., received support from existing and new institutional investors.
TZP Growth focuses on control investments in business and consumer services companies with annual EBITDA of less than $8 million and that require equity investments of less than $25 million.
The firm targets companies with solid historical profitability and sustainable value propositions. TZP Growth is focused on such verticals as consumer, franchising, outsourced business and IT services, marketing and media services, travel and hospitality services, real estate services, and specialty finance sectors.
It has already completed two investments, including:
– Envelopes.com, a ecommerce retailer of envelopes, customized stationery, and related products, and
– Family Entertainment Group, an outsourced designer, developer, and operator of family-oriented amusement facilities.
Founded in 2007 and led by Sam Katz, Rodney Eshelman and Bill Hunscher, as well as four other investment professionals from offices in New York and San Francisco, TZP Group has assets under management of more than $700 million across its family of funds.