Brynwood Partners, a Greenwich, Conn.-based operationally-focused private equity firm, closed its latest fund, Brynwood Partners VIII L.P., with $649 million of committed capital.
Founded in 1984 and led by Hendrik J. Hartong III, Chairman and Chief Executive Officer, and Ian B. MacTaggart, President and Chief Operating Officer, Brynwood Partners is an operationally-focused private equity firm that makes control investments in lower middle market companies.
The firm targets non-core brands or companies operating exclusively in the consumer sector.
Brynwood Partners is currently managing over $1.1 billion of private equity capital for its limited partners, which include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions.
The firm is actively pursuing new platform investments for Brynwood VIII and will continue to work to maximize investment returns for its remaining investments in prior funds.
Brynwood Partners VII L.P., a $420m fund raised in 2013, currently has three active portfolio company investments:
– Joseph’s Gourmet Pasta Company,
– Harvest Hill Beverage Company, and
– Cold Spring Brewing Company.
Brynwood Partners VI L.P., a $306m fund raised in 2008, has one remaining portfolio company, Pearson Candy Company.