L Catterton, a Greenwich, CT-based consumer-focused private equity firm, closed its eighth buyout fund, at $2.75 billion.
L Catterton Partners VIII, L.P., received support from existing investors as well as select new investors around the globe.
L Catterton VIII will commit between $60m and $500m to high-growth, middle market, consumer companies across North America and Europe. Similar to the firm’s previous buyout funds, the fund will target control-oriented investments in companies in such categories as Food and Beverage, Retail and Restaurants, Beauty and Wellness, Fashion and Accessories, Consumer Products and Services, Consumer Health, and Media and Marketing Services, as well as real estate projects anchored by luxury retail.
Formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault and led by J. Michael Chu and Scott A. Dahnke, Global Co-CEOs, L Catterton has six distinct and complementary fund strategies focusing on consumer buyout and growth investments across North America, Europe, Asia and Latin America, in addition to prime commercial real estate globally.
The firm has more than $14.0 billion of equity capital under management and more than 140 investment and operating professionals in 17 offices across five continents.