TCG, a multi-stage investment firm dedicated to building consumer businesses, has closed its inaugural fund with committed capital of over USD700 million.
The fund is led by Peter Chernin, Jesse Jacobs and Mike Kerns and will leverage its three founders’ deep experience helping consumer-focused businesses to identify, invest in and grow companies at the forefront of emerging consumer trends.
TCG has already invested approximately USD200 million in businesses that are catering to consumer interests in innovative ways. The fund’s current portfolio includes majority and minority investments in nine direct-to-consumer and content-to-commerce businesses: Food52; Exploding Kittens; Headspace; MeatEater; The Action Network; Zola; Cameo; ShopShops; and Dadi.
With an average investment size of USD25 to USD75 million, TCG is partnering with companies that have a strong track record of fostering organic, authentic relationships with highly-engaged audiences. The fund provides the creative entrepreneurs leading those companies with the capital, operational expertise and hands-on support to scale their businesses and further leverage consumers’ passion for their brands.
“We are thrilled to announce the closing of our fund, which will enable us to implement the same playbook that drove our success with The Chernin Group on a much broader scale,” say the three founders. “We are constantly tracking the world around us to determine what tomorrow’s consumers will want, and we are eager to continue to partner with the passionate leaders who are best positioned to deliver it – providing the funds and guidance they need to grow and achieve their goals.”