Like its predecessors, SPC Partners V will be focused on manufacturers and marketers of consumer products with revenues of up to $400m. The fund follows Swander’s fourth vehicle, which raised $340m in 2008.
It was previously reported that Swander Pace was targeting $450m for the fifth fund.
The firm said that it has “substantial experience” in various sectors such as food and beverage, health and wellness, natural and organic, beauty and personal care, household products, pet products, soft goods and accessories and juvenile products and ingredients.
Swander Pace managing director Andrew Richards said, “Fund V is the largest fund in our firm’s history, and we are eager to continue implementing our strategy of proprietary deal sourcing and strategic and tactical value addition that we have honed by staying focused on consumer products for the past 18 years.
“The consistency of our focus in the consumer sector has built a set of playbooks we can replicate with each new investment that include growth strategies, channel migration, marketing, operational improvement or cost reductions.
“The execution of this strategy over our past four funds has enabled Swander Pace to identify, acquire and partner with high-potential consumer product companies that are in attractive niche sectors.”
Swander Pace’s recent deals include the exit from Pineridge Bakery to Swiss food group Aryzta for $340m.
Copyright © 2014 AltAssets