New York, NY and Seattle, WA-based TZP Group, LLC, closed its latest private equity fund at $370m.
TZP Capital Partners II, L.P., which completed its fundraise above its initial cap in nine months, was oversubscribed from its initial $300m target. Limited partners include existing investors and new investors representing sovereign wealth funds, pension funds, endowments, fund of funds, family offices, and financial institutions.
TZP II will focus on control investments in business and consumer services companies with enterprise values generally between $50m and $250m.
Founded in 2007 and led by Sam Katz, Managing Partner, Vlad Gutin and Dan Galpern, partners, and other eleven professionals, the firm focuses on business and consumer services verticals including franchising, outsourced business and IT services, marketing and media services, travel and hospitality services, real estate services and specialty finance.