Stride Consumer Partners, an investment firm, has closed its inaugural fund, Stride Consumer Fund I, with $420 million of capital commitments.

The Fund exceeded its $300 million target and was oversubscribed, closing above its cap with support from a diverse group of institutional investors. Stride is a private equity firm that collaborates with founders, entrepreneurs, and business leaders to build the next generation of great consumer brands.

Steve Berg, a partner at Stride, said, “Many of us have spent twenty years helping founders and entrepreneurs pursue their visions and build their companies. So, it’s incredibly gratifying to have reached this milestone in Stride’s launch and development. We successfully completed fundraising the same way we do everything – as a team. And we’re energized to continue helping build remarkable companies, including Stride.”