Catterton Partners, a private equity firm focused on consumer companies like Restoration Hardware, said on Wednesday that it had closed on its latest two funds after having raised $2.1 billion.
With the closing of the two funds â€" Catterton Partners VII, aimed at general leveraged buyouts, and Catterton Growth Partners II, aimed at late-stage investments â€" the firm now manages about $4 billion.
“Our ability to close these funds in a short period of time is a testament to our strategy and solidifies our leadership in consumer-focused investing,†J. Michael Chu, a co-managing partner of the firm, said in a statement. “We look forward to continuing to leverage our expertise to help high-growth consumer companies realize their full potential.â€
Catterton has already made some investments from the general buyout fund, including in Primanti Brothers, the Pittsburgh-based sandwich chain, and CorePower Yoga.
The firm’s other investments have included Bloomin’ Brands, the parent of Outback Steakhouse, and O.N.E. Coconut Water.
