PE firm L Catterton to raise $1.25b for third Asia-focused fund

PE firm L Catterton to raise $1.25b for third Asia-focused fund

Ravi Thakran. Photo- Mint

L Catterton, the consumer-focused private equity (PE) firm, will be raising $1.25 billion for its third Asia-focused fund, as per a filing with the US Securities and Exchange Commission on June 2.

In January 2016, Singapore-based PE fund L Capital Asia merged with American consumer-focused PE firm Catterton to form L Catterton. It currently manages over $14 billion in capital. Since 1989, L Catterton’s funds have made over 150 investments in leading consumer brands across all segments of the consumer industry, according to its website.

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