Beach Point Capital Management‘s Tactical Fund has made a majority investment in Brightmore Brands, a retail thrift store chain.
Brightmore Brands combines two thrift store chains to create a platform with 18 store locations operating throughout California, New York, New Jersey and Minnesota. Management will continue to retain a significant ownership in the company in partnership with Beach Point.
“We look forward to supporting their mission to create a sustainable retail value chain for apparel that minimizes waste and funds important social causes,” comments Evan Klebe, managing director at Beach Point.