Stride Consumer Partners has wrapped its second fund at $550 million after a raise that took roughly four months, according to Dealbreaker. The fund close marks a 30% jump over the firm’s 2022 debut fund, according to Dealbreaker.
Stride Consumer Partners is described as the backer of Odele, Crown Affair, and Skinfix, according to Dealbreaker.
Fund II close details
Stride Consumer Partners wrapped its second fund at $550 million, according to Dealbreaker. Dealbreaker reported that the raise took roughly four months.
Dealbreaker reported that the second fund is a 30% increase over Stride Consumer Partners’ 2022 debut fund.
Limited partner participation
Dealbreaker reported that the raise “leaned heavily on returning limited partners boosting their commitments.” Dealbreaker also reported that these returning limited partners were a key driver of the capital raise.
Assets under management
Stride Consumer Partners’ assets under management are now about $1.3 billion, according to Dealbreaker.
Additional publication reference
Dealbreaker’s item also pointed to a related headline, “Stride Consumer Partners Closes $550M Second Fund For Its Next Consumer Deals,” attributed to Beauty Independent.
Widely known context: “limited partners” is a standard term in private funds for investors that commit capital to a fund managed by a general partner.
