Brentwood Associates raises $688 mln for fifth fund

Consumer-focused private equity firm Brentwood Associates has closed its fifth fund at $688 million, exceeding its $500 million target. UBS Securities was the placement agent for the fund known as BAPE V, which has already made investments in a number of consumer businesses that include Allen Edmonds, Lazy Dog Restaurants, Marshall Retail Group and Z Gallerie.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–Brentwood Associates, a leading consumer-focused private equity investment firm, announced today that it recently held a final close for Brentwood Associates Private Equity V, L.P. (“BAPE V”). The fund closed with $688 million in total commitments, surpassing its $500 million target. Brentwood’s prior fund, BAPE IV, closed with commitments of $439 million, and the firm now manages over $1.2 billion in total assets.

Prior to its final close, BAPE V completed several investments in leading, high growth consumer businesses, including Allen Edmonds, Lazy Dog Restaurants, Marshall Retail Group and Z Gallerie. The firm will continue to be managed by Brentwood Associates’ partners William Barnum, Anthony Choe, Roger Goddu, Steve Moore, Eric Reiter and Rahul Aggarwal, who was promoted to Partner in connection with the final close of Fund V.

UBS Securities LLC acted as the placement agent for the fund.

ABOUT BRENTWOOD ASSOCIATES
Brentwood Associates is a leading consumer-focused private equity investment firm with over $1.2 billion of capital under management and a 30-year history of investing in leading middle-market growth companies. Brentwood focuses on investments in growing businesses where it is able to leverage its extensive experience in areas such as: specialty retail; branded consumer products; consumer services; direct marketing, including direct mail and e-commerce; education; health and wellness; and restaurants. Since 1984, Brentwood’s dedicated private equity team has invested in 46 portfolio companies with an aggregate transaction value of over $5 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and senior management teams building world-class companies. For more information about Brentwood, please visit www.brentwood.com.