Growth equity backers of Shake Shack,
Athletic Brewing, SKIMS, Milk Makeup & Harry's announce latest
fund
NEW
YORK and LOS
ANGELES, July 10, 2024 /PRNewswire/ -- Alliance
Consumer Growth ("ACG"), a leading consumer-focused growth
equity investment firm, announced the closing
of Alliance Consumer Growth Fund V, L.P.,
("ACG V") with $160 million in
commitments. With the close of this latest fund, ACG has raised
over $1 billion in aggregate capital
commitments since the firm's founding in 2011. ACG V will follow
the same investment strategy of ACG's prior funds, focusing on
fast-growing, "rising star" brands in the food, beverage, personal
care, beauty, pet and apparel categories. ACG Fund V has
already made investments in fast-growing skincare brand
iNNBEAUTY Project and David
Chang's Momofuku Goods.
With the close of this latest fund, ACG has
raised over $1 billion in aggregate
capital commitments since the firm's founding in 2011.
Since 2011, ACG has invested in many notable emerging
consumer brands as a growth equity partner. To date, 17
of ACG's partner brands have gone on to subsequent exit
events. Some of ACG's past and current investments
include Babyganics (acquired by SC Johnson),
SKIMS, Shake Shack (completed an IPO on NYSE),
OUAI Haircare (acquired by Procter &
Gamble), barkTHINS (acquired by Hershey),
Harry's Inc., Suja Juice (acquired by
Coca-Cola), Milk Makeup (acquired by Waldencast), Tata
Harper Skincare (acquired by Amorepacific), KRAVE Jerky
(acquired by Hershey), The Honest Kitchen (recapitalized by
Monarch Capital) and Athletic Brewing Company (recapitalized
by General Atlantic), among others.
"We're very proud of our current and past partner brands,
grateful to our ACG team, and thrilled and honored to have
many terrific and supportive limited partners in Fund V," said ACG
co-founders Josh Goldin and
Julian Steinberg. "We're
looking forward to continuing to support
promising, entrepreneurial consumer brands to help them grow
and thrive in the years to come."
In 2015 ACG was named as the top consumer-retail focused firm
in GrowthCap's listing of America's "Top
Growth Equity Investment Firms" and ACG's co-founders were
named to Fortune Magazine's "40 Under 40" list of
the most influential young people in business. In 2018 ACG was
recognized as one of America's "Top 50 Private Equity Firms in
the Middle Market" by Grady Campbell Inc. In 2022, ACG was
named as the "Top Growth Investor in Beauty" by Beauty
Independent.
Willkie Farr & Gallagher
LLP served as legal advisor for ACG V; and Aqueduct Capital
Group served as placement agent for ACG V.
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This release is for
informational purposes only and should not be regarded as an offer
to sell or a solicitation for an offer to buy any interests in ACG
V. ACG V is closed to investors and is no longer accepting
subscription for interest. Past performance is not indicative of
future results. There is no guarantee that current and/or future
investments will go through the same exit processes as those noted
above. ACG did not pay for consideration for the aforementioned
awards, which should not be construed as a testimonial about the
firm's capabilities. For more information, including a list
of ACG's past and current investments, please visit:
www.acgpartners.com
|
Media Contact:
hello@acgpartners.com
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SOURCE Alliance Consumer Growth