TSG Consumer Partners general partner and managing director Alexander Panos has decided to leave the firm to start his own private equity fund. Panos joined TSG as an associate in 1998 and was named managing director in 2004. In 2007, he moved from TSG’s San Francisco office to the New York office. Panos didn’t reveal details of his future plans.
TSG Consumer Partners LLC today announced that Alexander S. Panos, a general partner and Managing Director, is leaving the firm to start his own private equity fund.
Chuck Esserman, CEO and founder of TSG, said: “Alex has been a valued member of our leadership team, and we wish him great success in his new business.”
Mr. Panos joined TSG as an Associate in 1998 in San Francisco, and after successive promotions was named a Managing Director of TSG in 2004. In 2007, he moved to TSG’s New York office. He also served on TSG’s investment committee.
“I greatly appreciate my time at TSG. I am especially proud to have been part of the incredible investment and operating team TSG has built and the remarkable track record the firm has achieved,” said Mr. Panos. “Now, I am looking forward to the opportunities available for a fund serving smaller entrepreneurial growth companies. During my many years with TSG, I have been fortunate to develop a great deal of experience, knowledge and many relationships in this segment of the market.”
“I plan to do so with a substantial personal investment, along with other investors. I will share more details soon.”
In his 16 years with TSG, Mr. Panos worked together with other TSG Managing Members on TSG4 L.P.’s investments in Smart Balance, NV Perricone, and Harry’s Fresh Foods, and TSG5 L.P.’s investments in PopChips, Stumptown Coffee, and Island Oasis.