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.
TSG Consumer Partners LLC (“TSG”), a leading private equity investor specializing in branded consumer companies, has successfully completed an offering of $1.3 billion in Limited Partnership Interests in its sixth and newest fund, TSG6 L.P., it was announced today by Charles “Chuck” Esserman, Managing Director and CEO.
“We were humbled by the extraordinary interest we received from investors for TSG6,” said Mr. Esserman. “Investors valued the consistency of our returns during the last 25 years for our five prior funds and the strategic and operational depth of our team.”
“Interest in the fund exceeded our fund-raising target by over $1 billion,” said Jamie O’Hara, Managing Director. “We had to say no to many prospective partners.”
TSG’s Managing Directors include John M. Kenney, Pierre LeComte, M. Hadley Mullin, and Alexander S. Panos as well as Mr. Esserman and Mr. O’Hara.
TSG pioneered the use of private equity in high-growth, middle market branded consumer companies. It was among the first significant private equity funds to focus on investing in natural and organic food companies, functional food and beverage categories, and orphan brands in the personal care and household sectors. Its in-depth understanding and experience within the consumer products industry enables TSG to build highly effective partnerships with founders and management teams.
About TSG Consumer Partners LLC
Founded in 1987, TSG is one of the leading investment firms in the U.S. focused exclusively on the consumer sector. TSG has been an active investor in the food, beverage, personal care and household products sectors. Representative past and present partner companies include Famous Amos, Terra Chips, Arrowhead Mills, MET-Rx Nutrition, Mauna Loa, Glaceau vitaminwater, Smart Balance Foods, PureOlogy, Smashbox Cosmetics, e.l.f. Cosmetics, Perricone MD, CytoSport (Muscle Milk) and Yard House among others.