JMK Consumer Growth Partners, a NYC-based growth equity firm that provides capital and value-added partnership to consumer product brands, held the first close of its maiden fund, at $17m.
According to a regulatory form filed with the SEC, JMK Consumer Growth Partners I LP aims to raise $75m.
Co-founded in April 2014, John M. Kenney and Sarah A. Woelfel, JMK Consumer Growth Partners makes growth capital investments in high-growth, branded consumer businesses which have annual revenues of at least $2 million and are seeking capital investments up to $10 million.
The investment focus is on Food and Beverage, Beauty & Personal Care, Fashion & Leisure, Household and Pet.
To date, the firm has invested in:
– Supergoop!, a sun defense skincare brand,
– Babo Botanicals, a brand of natural personal care products for the whole family, and
– Miyoko’s Kitchen, a maker of non-dairy, vegan cheese and butter alternatives.
The team also include Christine L. Holcomb, Brand Analyst, and Michael C. Mamiye, Investment Analyst.