Alliance Consumer Growth closes third fund at $210 mln

Alliance Consumer Growth reached an oversubscribed first and final close on its third fund. Alliance Consumer Growth Fund III LP raised $210 million. ACG typically invests between $5 million and $25 million in fast-growing, privately-held consumer, retail and restaurant companies. ACG’s debut fund was launched in 2011 with $44 million of capital. Fund II was raised in 2014 with $90 million of capital. ACG’s legal advisor was Kramer Levin Naftalis & Frankel. No fund placement agent was used.

PRESS RELEASE

NEW YORK, NY & LOS ANGELES, CA, February 25, 2016.  Alliance Consumer Growth (“ACG”), a leading consumer-retail focused private equity firm, announced the first and final closing of Alliance Consumer Growth Fund III, L.P., (“ACG III”) with total capital commitments of $210 million.  ACG III, which was significantly oversubscribed and is comprised almost entirely of returning ACG limited partners, will follow the same investment strategy of ACG’s prior funds, focusing on fast-growing “rising star” brands.

Notable brands that ACG has successfully partnered with as an early investor include: Shake Shack (subsequently completed an IPO as NYSE: SHAK), Suja Juice (subsequently partnered with The Coca-Cola Company), KRAVE Jerky (subsequently acquired by The Hershey Company), EVOL Foods (subsequently acquired by Boulder Brands), barkTHINS, Babyganics, PDQ Restaurants, Tata Harper Skincare, Nudestix, Tender Greens (ACG invested alongside Danny Meyer’s Union Square Hospitality Group) and Way Better Snacks, among others.

Founded in 2011 by Josh Goldin, Julian Steinberg and Trevor Nelson, Alliance Consumer Growth specializes in providing growth capital–typically $5 to $25 million per company–and value-added industry expertise, to fast-growing, privately-held consumer, retail and restaurant companies.

In 2015, ACG was ranked as the top consumer-retail focused firm, and #10 overall, on GrowthCap’s ranking of America’s “Top Growth Equity Investment Firms.”  Also in 2015, ACG’s founders Goldin, Nelson and Steinberg were all named to Fortune Magazine’s “40 Under 40” list of the most influential young people in business.

“We’re very proud of what our Fund I and II partner companies have accomplished, and honored by the enthusiastic response we’ve received from investors for our newest fund,” said ACG co-founder Josh Goldin. “We’re looking forward to continuing to partner with the most promising emerging brands to help them grow and thrive in the years to come.”

ACG’s legal advisor was Kramer Levin Naftalis & Frankel; and no fund placement agent was used.   ACG’s debut fund, Alliance Consumer Growth Fund, L.P., was launched in 2011 with $44 million of capital.   ACG Fund II was raised in 2014 with $90 million of capital.

About Alliance Consumer Growth

Alliance Consumer Growth (“ACG”), with offices in New York and Los Angeles, is a leading growth equity fund which provides capital and value-added partnership to the most promising emerging consumer product and retail brands. Notable brands that ACG has successfully partnered with as an early-stage investor include Shake Shack (subsequently completed an IPO as NYSE: SHAK), Suja Juice (ACG’s stake was subsequently acquired by The Coca-Cola Company), KRAVE Jerky (subsequently acquired by The Hershey Company), EVOL Foods (subsequently acquired by Boulder Brands), barkTHINS, Babyganics, PDQ Restaurants, Tata Harper Skincare, Nudestix, Tender Greens and Way Better Snacks.  www.acginvestors.com