TSG racks up $2.5 bln for two consumer funds

TSG Consumer Partners LLC has raised a combined $2.5 billion for two funds focused on growing consumer companies, the San Francisco-based private equity firm announced today.

The fundraising began in September.

TSG7 A will target larger, high growth consumer companies and make investments investments between $50 million and $400 million while the other fund, TSG7 B will deploy investments between $15 million and $50 million in smaller, high growth companies.

The firm’s previous fund TSG6 closed $1.3 billion in late 2011 , generating an average IRR of 52.04 percent with an average multiple of 1.89x, as of June 30, 2015, according to data provider Bison.

Among TSG’s past and current portfolio companies are vitaminwater, thinkThin, popchips, Muscle Milk, Yard House, Pabst, Planet Fitness, REVOLVE Clothing, Smashbox Cosmetics, Sexy Hair, e.l.f. cosmetics and IT Cosmetics.

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