Private equity firm Encore Consumer Capital has closed its third fund at the hard cap with USD260 million of commitments, exceeding its target fund size of USD225 million.
"We are extremely grateful for the continued support we have received from our loyal investor base and excited by the new world-class pension plans, endowments and family offices that have partnered with us. We look forward to continuing to capitalise on our investing and operating experience to accelerate the growth of leading consumer products companies," says Robert Brown, a Managing Director and Co-Founder of Encore.
"Encore's talented and experienced investment team, along with the management professionals at each of our portfolio companies with whom we are proud to have partnered with over the years, have enabled us to earn the respect and trust of our investors," says Scott Sellers, a Managing Director and Co-Founder of Encore.
Encore, founded in 2005, will continue to invest in lower middle market companies with between USD10 million and USD100 million of annual revenues and with leading positions in attractive and undeserved segments of the consumer products industry.
