Alliance Consumer Growth Raises $210M for Third Fund

Feb 25 2016 | 10:51pm ET

Consumer-focused private equity company Alliance Consumer Growth has raised $210 million for its third fund through an oversubscribed offering comprised almost entirely of returning investors.  

Named the Alliance Consumer Growth Fund III, the new fund will follow the same investment strategy of ACG’s prior funds, focusing on fast-growing “rising star” consumer/retail brands, according to a company statement. 

ACG’s debut fund, Alliance Consumer Growth Fund, L.P., was launched in 2011 with $44 million of capital, while it’s second vehicle raised $90 million in 2014. Alliance Consumer Growth was an early investor in brands such as Shake Shack, Suja Juice, KRAVE Jerky, and EVOL Foods. 

“We’re very proud of what our Fund I and II partner companies have accomplished, and honored by the enthusiastic response we’ve received from investors for our newest fund,” said ACG co-founder Josh Goldin in the statement. “We’re looking forward to continuing to partner with the most promising emerging brands to help them grow and thrive in the years to come.” 

Founded in 2011 by Goldin, Julian Steinberg and Trevor Nelson, Alliance Consumer Growth specializes in providing growth capital investments of $5 to $25 million per company to fast-growing, privately-held consumer, retail and restaurant companies.  

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