In the private equity world, how fast is fast?

TSG Consumer Partners announced today it raised $1.3 billion for its sixth fund, TSG6 LP. That was about 30% more than the firm’s $1 billion target, says James O’Hara, a TSG MD. The PE firm, which has offices in San Francisco and New York, had about $1 billion in additional interest, O’Hara says.

“We were humbled by the level of interest we had,” he says.

TSG Consumer Partners has closed its sixth fund, TSG6 L.P., with $1.3 billion in commitments, the firm announced Wednesday. San Francisco-based TSG Consumer Partners focuses on investments in middle-market consumer companies in sectors spanning food, beverage, personal care and household products.

Blythe Jack has joined TSG Consumer Partners as a principal. Jack will be headquartered in San Francisco and will focus mainly on originating new investment opportunities, enhancing the sourcing capabilities of the broader TSG team. She previously spent 10 years at Rosewood Capital and, most recently, was CEO of Cahootie.

TSG Consumer Partners has bought Sexy Hair Concepts. Financial terms weren’t announced. Chatsworth, Calif.-based Sexy Hair, which markets hair car products, filed for bankruptcy protection in December.

Chino, Calif.-based MegaMex Foods, jointly owned by Hormel Foods and Herdez Del Fuerte, S.A. de C.V., closed on its stock acquisition of Don Miguel Foods from private equity investors that include San Francisco-based TSG Consumer Partners, a fund focused solely on middle marketed branded consumer companies. Terms of the transaction weren’t disclosed. PRESS RELEASE: MegaMex [...]

MegaMex Foods LLC, a joint venture between Hormel Foods Corp. and Herdez Del Fuerte, S.A. de C.V. agreed to buy Don Miguel Foods Corp. from TSG Consumer Partners LLC’s TSG4 LP. The transaction is expected to close in October. Financial terms were not disclosed. Don Miguel Foods is a provider of frozen and fresh Mexican flavored appetizers and snacks.

TSG Consumer Partners has agreed to sell Smashbox Beauty Cosmetics Inc. to The Estée Lauder Companies Inc. (NYSE: EL). No financial terms were disclosed.

The question of whether private equity creates or destroys jobs is one for the ages-it’s been hotly debated through all kinds of studies, white papers, surveys, books and conference panels. Fortunately for the already media-battered industry, that debate is not addressed in Michael Moore’s new film about the financial collapse, Capitalism: A Love Story. But [...]