TSG Consumer Partners Closes Ninth Buyout Fund at $6B

TSG Consumer Partners, a private equity house based in the San Francisco Bay area, closed its ninth buyout fund, TSG9 LP, with $9 billion in capital, raising its assets under management to $20bn.

The fund, which focuses primarily on high-growth consumer companies with revenue between about $100 million and $1 billion, exceeded its initial $5 billion target.

“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.

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

The fund invested more than $1 billion in the fourth quarter 2022 alone across numerous investments, including HVAC company Wrench Group and salon and spa franchisor Radiance Holdings.

Ropes & Gray LLP served as fund counsel for TSG9.