Catterton Nets $2 Billion For Two Funds

Sep 19 2013 | 12:36am ET

Private-equity firm Catterton Partners has raised $2 billion for its two newest funds, doubling its assets under management.

The Greenwich, Conn.-based firm said that investors had pledged $2 billion to Catterton Partners VII and Catterton Growth Partners II, both of which are now closed. The former fund will focus on leveraged buyouts and the latter on late-stage investments.

Catterton, which specializes in consumer investments, now has about $4 billion in assets. The firm has already begun to invest the Partners VII fund, which received $1.6 billion of the total raised. In addition, the general partnership committed a further $100 million to the two funds.

"Our ability to close these funds in a short period of time is a testament to our strategy and solidifies our leadership in consumer-focused investing," co-managing partner J. Michael Chu said.

The closings follow two years in which Catterton has returned $2.1 billion to investors, buoyed by a string of recent exits from its previous funds. The firm's last general buyout fund, Catterton Partners VI, raised $1.2 billion in 2006—and is on track to return three times as much to investors.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…