L Catterton raised $2.75 billion for its oversubscribed eighth flagship private equity fund.
L Catterton VIII will invest between $60 million and $500 million in middle-market consumer companies in North America and Europe.
L Catterton’s previous buyout fund closed in September 2013 at $1.68 billion. No data was available on the performance of Catterton Partners VII L.P.
According to the consumer-focused private equity firm, which was formed this year through the merging of Catterton, LVMH and Groupe Arnault, L Catterton is now managing more than $14 billion in equity capital as a result of the latest fund-closing.
Among the firm’s investments are meal kit delivery service Home Chef, children’s clothing brand Hanna Andersson, fast-food chain Velvet Taco and Latin American gym chain Bodytech.
Photo: A customer counts his U.S. money in a bank in Cairo, Egypt March 10, 2016. Reuters/Amr Abdallah Dalsh