L Catterton's assets under management (AUM) continue to grow, with a new consumer fund that's expanding its investment horizons.
This new fund is a significant step in L Catterton's evolution, allowing the firm to tap into new markets and opportunities.
By focusing on the consumer sector, L Catterton is well-positioned to capitalize on the growing demand for consumer goods and services.
L Catterton's expertise in the consumer space has been a key factor in its success, and this new fund is a testament to the firm's commitment to innovation and growth.
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L Capital Partners
L Capital, the financial arm of LVMH and the Arnault family, has a history of investing in companies like Ba&sh, Pepe Jeans, and El Ganso, as well as backing SMCP.
The partnership between L Capital and American private equity firm Catterton created a new entity, L Catterton, with 40% jointly owned by LVMH and the Groupe Arnault.
L Capital has been increasing its investments in lifestyle, cosmetics, and hotel trade sectors, working alongside companies to help them grow over three to six years.
Assets and Funds
L Capital Partners manages a significant amount of assets, with a total of $1.7 billion under management.
The firm has a strong track record of investing in various sectors, including consumer goods, retail, and healthcare.
L Capital Partners has invested in over 50 companies across Asia and Europe.
Their investments have resulted in significant returns, with some exits valued at over $1 billion.
The firm's investment strategy is focused on partnering with entrepreneurs and management teams to drive growth and value creation.
L Capital Partners has a team of experienced professionals with a deep understanding of the markets and industries they invest in.
Their investment approach is characterized by a long-term perspective, with a focus on building sustainable businesses.
The firm's portfolio companies have a strong presence in their respective markets, with some having a market share of over 20%.
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Launch of Consumer Fund
L Catterton launches $615 million consumer fund, making it the largest consumer/luxury investment fund in the world, with assets under management approaching $12 billion.
This is the first new fund to emerge from the merged efforts of Catterton and L Capital, the private equity arm of LVMH and Groupe Arnault.
L Catterton Growth Partners III, L.P. is the title of the new fund, with a $615 million investment.
The fund is expected to help companies in the lifestyle, cosmetics, and hotel trade sectors grow over the next three to six years.
L Catterton's assets under management will soon exceed $14 billion, including the current raise-up and other anticipated successor funds.
Frequently Asked Questions
How big is the L Catterton Europe Fund?
L Catterton Europe Fund has a size of $353 million. This significant investment fund supports various business ventures across Europe.
What is the AUM of a private equity fund?
A private equity fund's AUM (Assets Under Management) is the amount of capital it has successfully raised from investors, such as pension funds and endowments. This figure represents the total value of investments in illiquid assets like startups and private companies.
Is L Catterton a good firm?
L Catterton is a reputable and award-winning consumer-focused investment firm, recognized as the Global Consumer Private Equity Firm of 2023 by Private Equity International. This prestigious recognition highlights the firm's expertise and success in the industry.
Sources
- https://aum13f.com/firm/catterton-management-company-llc
- https://2022-year-in-review.lcatterton.com/disclosures
- https://www.linkedin.com/pulse/l-catterton-launches-615-million-consumer-fund-andrew-szabo
- https://www.prnewswire.com/news-releases/l-catterton-closes-third-growth-fund-above-target-at-615-million-300218548.html
- https://uk.fashionnetwork.com/news/L-capital-partnering-with-catterton-to-create-a-global-equity-firm,612779.html
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