TSG Consumer Partners, a leading private equity firm, announced the successful final closing of its ninth fund, TSG9, with $6bn of capital commitments.
As with its predecessor fund, TSG9 was substantially oversubscribed, with demand well exceeding its initial $5bn target. With the closing of TSG9, TSG now has approximately $20bn in assets under management.
TSG is a pioneer in focused sector investing and one of the first private equity funds to invest solely in consumer companies. With over 30 years of investment experience, TSG has a well-honed and proven strategy for driving growth at both well-established and earlier-stage consumer businesses. The fund will primarily invest in high-growth consumer companies with revenues between approximately $100m and $1bn.
“We are grateful for the support and confidence from our long-standing investors as well as our new limited partners,” said Chuck Esserman, CEO and Founder of TSG Consumer Partners.
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Esserman continues: “We see continued and significant investment opportunities in the market as we focus on higher-growth businesses that address consumer needs in innovative ways. Our investment team and operating group are equipped to add substantial value post-investment as we work to support our management teams and maximize equity returns.”
TSG9 received commitments from a combination of new and existing investors from across the globe, including leading institutions, family offices, pension plans, sovereign wealth funds, and endowments and foundations.
TSG9 was active during the fourth quarter of 2022, committing to invest over $1bn across multiple investments, including Wrench Group, a leading provider of residential HVAC, plumbing, and electrical services, and Radiance Holdings, a leading franchisor of salon suites and day spas in the U.S. under the Sola Salons and Woodhouse brands.
Source: Business Wire
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