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TSG closes oversubscribed ninth fund at $6bn

TSG Consumer Partners has held the final close of its ninth private equity fund, TSG9 LP, with $6 billion of capital commitments. As with its predecessor fund, TSG9 was substantially oversubscribed, with demand well exceeding its initial $5 billion target. 

TSG Consumer Partners (TSG) has held the final close of its ninth private equity fund, TSG9 LP, 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. The new fund will primarily invest in high-growth consumer companies with revenues between approximately $100 million and $1 billion.

TSG9 received commitments from a combination of new and existing investors from across the globe, including leading institutions, family offices, pension plans, sovereign wealth funds, and endowments and foundations.

TSG9 was active during the fourth quarter of 2022, committing to invest over $1 billion across multiple investments, including Wrench Group, a provider of residential HVAC, plumbing, and electrical services, and Radiance Holdings, a franchisor of salon suites and day spas in the US under the Sola Salons and Woodhouse brands.
 

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