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TSG Consumer Partners Closes Ninth Fund with $6 Billion in Capital Commitments
Fund Was Substantially Oversubscribed, Demonstrating Confidence in TSG’s Long-term Consumer-focused Investment Strategy
TSG9 Has Committed Over $1 Billion Across First Investments
SAN FRANCISCO, January 11, 2023-- TSG Consumer Partners (“TSG”), a leading private equity firm, announced the successful final closing of its ninth fund, TSG9 L.P. (“TSG9”), with $6 billion of capital commitments. As with its predecessor fund, TSG9 was substantially oversubscribed, with demand well exceeding its initial $5 billion target. With the closing of TSG9, TSG now has approximately $20 billion 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 $100 million and $1 billion.
“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. “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 $1 billion 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.
Ropes & Gray LLP served as fund counsel for TSG9.
About TSG Consumer Partners
TSG Consumer Partners, LP is a leading private equity firm with approximately $20 billion in assets under management that partners with founders and management teams to build and accelerate growth for best-in-class consumer-facing businesses. Since its founding in 1986, TSG has been an active investor in the consumer industry. Representative past and present partner companies include Backcountry, Canyon Bicycles, Duckhorn, Dutch Bros, e.l.f. Cosmetics, IT Cosmetics, Joe Hudson’s Collision Centers, Mavis Tires, Planet Fitness, popchips, Power Stop, Radiance Holdings, REVOLVE, Revolut, Robinhood, Rough Country, Smashbox, Super Star Car Wash, Stumptown, The Wrench Group, Thrive Pet Healthcare, and Vitaminwater. For more information, visit tsgconsumer.com.
For TSG Consumer Partners:
Kevin Siegel/Brandon Pinto