Curated news across firms, funds and deals, updated as our analysts add it.
Adams Street Partners partnered with GeoWealth to distribute its private market investment offerings to registered investment advisors through GeoWealth's digital wealth platform.
Adams Street Partners partnered with iCapital to expand access to its evergreen private market investment solutions for the global wealth management channel through iCapital's technology platform.
Summer Fridays (or “the Company”), a clean, premium skincare and hybrid makeup brand, today announced it has received a strategic growth investment from TSG Consumer Partners (“TSG”), a leading private equity firm. The two co-founders, Marianna Hewitt and Lauren Ireland, will retain a significant stake and continue to lead the Company along with the rest of the Summer Fridays management team. Prelude Growth Partners (“Prelude Growth”) will exit its investment in the Company as part of the transaction.
TSG Consumer Partners (“TSG”), a leading private equity firm, announced the successful final closing of its ninth fund, TSG9 L.P. (“TSG9”), with $6 billion of capital commitments. As with its predecessor fund, TSG9 was substantially oversubscribed, with demand well exceeding its initial $5 billion target. With the closing of TSG9, TSG now has approximately $20 billion in assets under management. TSG is a pioneer in focused sector investing and one of the first private equity funds to invest solely in consumer companies. With over 30 years of investment experience, TSG has a well-honed and proven strategy for driving growth at both well-established and earlier-stage consumer businesses. The fund will primarily invest in high-growth consumer companies with revenues between approximately $100 million and $1 billion.