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Alternative Assets  + Latest News  + Private Equity  | 
TSG Consumer Partners Closes Ninth Buyout Fund at $6B

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.

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TSG Consumer Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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