TZP Group, LLC, a New York, NY—based private equity firm, closed its third fund, at $565m.
Limited partners in TZP Capital Partners III include sovereign wealth funds, pension plans, endowments, fund of funds and family offices.
Consistent with TZP II, TZP III will focus on control investments in business and consumer services companies with more than $10m in EBITDA.
Founded in 2007 by Managing Partner Sam Katz, and also led by Partners Vlad Gutin, Dan Galpern and Harris Newman, as well as 19 other investment professionals from offices in New York, NY, San Francisco and Seattle, WA, TZP is focused on investing in business and consumer services verticals including franchising, outsourced business and IT services, marketing and media services, travel and hospitality services, consumer, real estate services and specialty finance.
The firm targets companies with solid historical profitability and sustainable value propositions.