
TSG Consumer Partners was founded in 1993 by Tom Spieker and Greg Lyons, and the firm has since grown to become a leading consumer-focused private equity firm.
The firm has invested over $8 billion in consumer companies since its inception.
TSG Consumer Partners has a strong track record of success, with over 50 investments across various consumer sectors.
The firm's investment approach is focused on partnering with talented entrepreneurs and management teams to drive growth and build market-leading companies.
TSG Consumer Partners has a dedicated team of investment professionals with extensive experience in the consumer industry.
The firm's investment portfolio includes companies such as The Nature's Bounty Co., The Vitamin Shoppe, and Party City.
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Data and Holdings
TSG Consumer Partners holds a significant portfolio of investments, with a total value of $526 million as reported in the September 2024 quarterly 13F filing.
The firm's portfolio consists of two main holdings: Duckhorn Portfolio Common Stock and Dutch Bros Class A Common Stock. These two investments account for the entirety of TSG Consumer Partners' portfolio.
Here's a breakdown of the two holdings:
Portfolio Holdings
TSG Consumer Partners holds a diverse portfolio with two notable positions.
The first position is in Duckhorn Portfolio Common Stock, which accounts for 68.2% of the portfolio and has a value of $359 million.
Duckhorn Portfolio Common Stock has a share count of 62 million and a share price of $5.81.
The second position is in Dutch Bros Class A Common Stock, which accounts for 31.8% of the portfolio and has a value of $167 million.
Dutch Bros Class A Common Stock has a share count of 5.2 million and a share price of $32.03.
Here's a summary of the portfolio holdings:
Access Up to 7 Years of Quarterly Data
Having access to a long history of data can be incredibly valuable when analyzing investments. This is especially true when it comes to tracking the performance of companies over time.
You can access up to 7 years of quarterly data, which is a significant amount of information. This allows you to see trends and patterns that may not be immediately apparent from shorter time frames.
Positions held by TSG Consumer Partners can be consolidated in one spreadsheet, making it easy to review and analyze their investments.
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History and Statistics
TSG Consumer Partners has a significant history with 15 funds under its umbrella.
The company's funds have closing dates ranging from February 4, 2019, to January 11, 2023.
One notable fund is TSG9, which closed on January 11, 2023, with a total amount of $6,000M.
Here's a breakdown of the funds' closing dates, amounts, and sources:
Annual Revenue
TSG Consumer Partners' annual revenue was $31.3 million in 2025.
The company has reported a significant increase in revenue over the years, with a notable jump in 2025.
TSG Consumer Partners' annual revenue was $31.3 million in 2025, making it a notable player in the industry.
I've found that companies with consistent revenue growth tend to be well-managed and have a strong business model, which is likely the case for TSG Consumer Partners.
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Past Filings
TSG Consumer Partners has been filing SEC 13F reports since 2021. We can explore their past filings to gain insight into their investment strategies.
Their earliest filing was in 2021, specifically for the Q4 period, which was filed on February 11, 2022. This gives us a starting point to analyze their investment trends over time.
We can see that TSG Consumer Partners files their reports on a quarterly basis, with the most recent filings being for the 2024 Q3 and 2024 Q2 periods, filed on November 13, 2024, and August 13, 2024, respectively.
Here is a list of their past filings:
- TSG Consumer Partners 2024 Q3 - filed Nov. 13,
TSG Consumer Partners 2024 Q2 - filed Aug. 13, 2024
TSG Consumer Partners 2024 Q1 - filed May 14, 2024
TSG Consumer Partners 2023 Q3 - filed Nov. 13, 2023
TSG Consumer Partners 2023 Q2 - filed Aug. 11, 2023
TSG Consumer Partners 2023 Q1 - filed May 12, 2023
TSG Consumer Partners 2022 Q4 - filed Feb. 14, 2023
TSG Consumer Partners 2022 Q3 - filed Nov. 14, 2022
TSG Consumer Partners 2022 Q2 - filed Aug. 12, 2022
TSG Consumer Partners 2022 Q1 - filed May 16, 2022
TSG Consumer Partners 2021 Q4 - filed Feb. 11, 2022
Fund History
Fund History is a crucial aspect of understanding the scope and scale of TSG Consumer Partners' investments. They have a total of 15 funds.
The company's most recent fund, TSG9, closed on January 11, 2023, with an amount of $6,000 million.
TSG Consumer Partners has invested in various funds over the years, including Jedi Coinvestor 1 Blocker Aggregator and Jedi Coinvestor 1, both of which closed on March 30, 2020. These funds had amounts of $236.92 million and $520.4 million, respectively.
One of their earlier funds, TSG8 Parallel, closed on February 4, 2019, but the exact amount is not publicly disclosed due to a "Subscribe to see more" restriction.
Here's a brief summary of some of their notable funds:
These figures give us an idea of the size and scale of TSG Consumer Partners' investments, but it's worth noting that not all information is publicly available.
26 Portfolio Exits
TSG Consumer Partners has a significant track record of successful portfolio exits, with a total of 26 such exits.
Their latest portfolio exit was Backcountry, which was acquired by CSC Generation on September 9, 2024, for a valuation of $XXM.
The company's portfolio exits have spanned various types of acquisitions, including acquisitions and initial public offerings (IPOs).
In fact, TSG Consumer Partners has had several IPOs, including one on September 15, 2021, and another on July 29, 2021, although the companies involved in these IPOs are not specified.
Here are the details of some of TSG Consumer Partners' notable portfolio exits:
24 Acquisitions
TSG Consumer Partners has made a significant impact in the market with their 24 acquisitions. Their latest acquisition, Summer Fridays, was made in July 2024.
The valuation of Summer Fridays is a reported $XXM. The investment stage for this acquisition was Seed / Angel.
Here are the details of TSG Consumer Partners' acquisitions:
TSG Consumer Partners has a diverse portfolio with a mix of Seed / Angel and other investment stages.
Frequently Asked Questions
How much does a vice president at TSG Consumer Partners make?
A Vice President at TSG Consumer Partners can earn between $192K and $306K per year, including base salary and additional pay. This compensation range is an estimate and may vary based on individual factors.
Who owns TSG Group?
TSG Group is owned by HLD, which acquired a majority stake in 2020, alongside the management team. HLD's investment supports TSG's multi-energy development strategy.
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