Sycamore Partners closes second fund at USD2.5bn
Sycamore Partners has closed its second fund, Sycamore Partners II, with limited partner commitments of USD2.5 billion.
Sycamore Partners' first fund, Sycamore Partners LP, closed in 2012 with limited partner commitments of USD1 billion.
With the closing of its second fund, Sycamore Partners now has in excess of USD3.5 billion in assets under management.
"We are grateful for the positive and enthusiastic response we have received from our existing and new limited partners. With this new fund we continue to focus on our historically successful investment strategy of partnering with the very best consumer and retail executives to acquire and improve the very best consumer and retail brands," says Stefan Kaluzny, a managing director of Sycamore Partners.
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