Specialist buyout house WM Partners, which focuses on the health and wellness sector, has collected $550m for its second fund, swooping past both its original $400m target and the size of its debut vehicle.
The firm closed HPH 1 on $307m in 2017, and had fully liquidated the fund for $700m a year later.
WM said HPH II would focus on investing in leading brands in the health and wellness sector, specifically in functional foods, natural personal care and natural over the counter remedies.
It had already made six investments including hydration brand Ultima Replenisher, collagen brand Great Lakes, matcha brand Jade Leaf, superfood brand FGO, plant-based nutrition brand Vega and natural personal care brand Raw Sugar.
Jose Minski, Co-Founder of WM Partners, said: “We are very grateful for the support HPH II received from existing and first-time investors. This is a testament of the strong team we have put together, and of our continued efforts to deliver on our investors’ expectations. We continue to remain focused on our disciplined investment approach and on our operational value creation process.”
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