Stride Consumer Partners has wrapped its second fund at $550 million, a 30% jump over its 2022 debut fund, according to Dealbreaker.
The raise took roughly four months and leaned heavily on returning limited partners boosting their commitments, according to Dealbreaker.
Stride Consumer Partners, described by Dealbreaker as a backer of Odele, Crown Affair and Skinfix, now has assets under management of about $1.3 billion, according to Dealbreaker.
Fund close and timing
Stride Consumer Partners closed its second fund at $550 million, according to Dealbreaker.
Dealbreaker reported that the raise took roughly four months.
LP mix and step-up from Fund I
Dealbreaker reported that the $550 million close represents a 30% increase over Stride Consumer Partners’ 2022 debut fund.
Dealbreaker also reported that the fundraising leaned heavily on returning limited partners increasing their commitments.
Portfolio references cited by Dealbreaker
Dealbreaker described Stride Consumer Partners as a backer of Odele, Crown Affair and Skinfix.
AUM level and related coverage
Stride Consumer Partners’ assets under management are now about $1.3 billion, Dealbreaker reported.
Dealbreaker’s item referenced a headline reading “Stride Consumer Partners Closes $550M Second Fund For Its Next Consumer Deals [Beauty Independent].”
Widely known context: In private equity and venture capital, “limited partners” typically refer to institutional and individual investors that commit capital to funds managed by “general partners.”
