TSG Consumer Partners, a San Francisco-based private equity firm, has closed its ninth fund, TSG9 LP, with $6 billion of capital commitments.
The fund was oversubscribed, exceeding its initial $5 billion target. It will primarily invest in high-growth consumer companies with revenues between approximately $100 million and $1 billion. In the fourth quarter of 2022, TSG9 committed 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 U.S. With the closing of TSG9, TSG now has approximately $20 billion in assets under management.
“We see continued and significant investment opportunities in the market as we focus on higher-growth businesses that address consumer needs in innovative ways,” says Chuck Esserman, CEO and founder of TSG Consumer Partners. “Our investment team and operating group are equipped to add substantial value post-investment as we work to support our management teams and maximize equity returns.”
Ropes & Gray LLP served as fund counsel for TSG9.