PRINT THIS PAGE Catterton closes $300m consumer sector-focused fund01/05/2008. Source: AltAssets. 
US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital. Catterton Growth Partners has already made an $18m investment in Sweet Leaf Tea and a $17m investment in Miss Matched.
J Michael Chu, managing partner, Catterton Partners, said, 'Our focus on the consumer sector has enabled us to establish the expertise and relationships necessary to set both our firm and its performance apart. By maintaining this focus and our financial discipline, I am confident that we will continue to deliver strong returns with Catterton Growth Partners, L.P. to the benefit of both our limited partners and the companies in which we invest.'
'Growth across numerous consumer industry categories remains strong, driven by trends such as health and wellness and environmental awareness,' added Scott Dahnke, also managing partner of Catterton Partners. 'Our investment approach is focused on finding well positioned companies in these growth categories. Catterton Growth Partners, L.P. will enable us to capitalise on these opportunities and meet the demand for capital to support the development of small-cap consumer companies, while complementing the efforts of our buy-out funds. We are excited about this fund and the opportunities available to us.'
Catterton invests across various consumer segments, including food and beverage, retail and restaurants, consumer products and services, and media and marketing services. The firm has led investments in companies such as Breyers Yogurt, Wellness Pet Food, The Worth Collection, Build-A-Bear Workshop, Cheddar's Restaurants, P.F. Chang's China Bistro, Baja Fresh Mexican Grill, Frederic Fekkai, Kettle Foods, Farley's and Sathers Candy, Odwalla and Heartland Recreational Vehicles. It now has approximately $2.3bn under management.
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