Private equity firm Catterton Partners has closed a consumer companies fund with $300 million in commitments from both existing and new limited partners.

Catterton Growth Partners will target control investments in high-growth consumer companies requiring between $10 million and $30 million of equity capital. Including the new vehicle, Catterton now has over $2.3 billion under active management focused on consumer companies.

“Growth across numerous consumer industry categories remains strong, driven by trends such as health and wellness and environmental awareness," said Scott Dahnke, managing partner of Catterton Partners. “Our investment approach is focused on finding well positioned companies in these growth categories.”

The fund has already two deals in the food and beverage and clothing sectors.

Catterton's previous buyout fund, Catterton Partners VI, closed two years ago with $1 billion in commitments.