Hunter Point Makes Minority Investment in L Catterton to Boost Credit Expertise

Hunter Point Capital (HPC), a NY-based independent investment firm focused on providing capital services to alternative investment managers, has made a passive minority investment in L Catterton, a global consumer-focused investment firm, to boost growth through a new fund platform focused on the credit business.

HPC co-founder and executive chairman Bennett Goodman will serve as a strategic credit advisor to L Catterton, a Greenwich, CT-based $33 billion private equity firm that has already expanded with three new fund platforms this year: Credit, Impact and RMB. Additionally, the partnership will reinvest HPC’s capital into L Catterton’s funds.

“We seek to leverage our distinctive strengths as a consumer investor, deliver our high-standard of risk-adjusted returns, and most importantly, strengthen the platform in a way that ‘raises all boats’,” says Scott Dahnke, global co-CEO of L Catterton.

The size of the new fund platforms was not disclosed nor were the financial terms of the deal. There will be no change in governance, investment process, or day-to-day management of L Catterton, according to the company. LVMH’s and Financière Agache’s collective minority stake in L Catterton remains unchanged.

In 2021, HPC also took a minority stake in MidOcean to help advance its credit business.