Swander Pace Closes Fund V at $350 Million
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Swander Pace Closes Fund V at $350 Million

swander nf1Swander Pace Capital has closed its fifth and largest fund – SPC Partners V, LP – with $350 million in commitments from institutional investors, endowments, and family offices. The new fund will continue the firm’s strategy of investing in consumer products companies.

richards nf1“We are honored to have once again attracted a best-in-class group of limited partners that recognize Swander Pace’s track record of success and ability to provide strong returns to investors. Our team’s commitment to, and execution of, our investment strategy has built Swander Pace into a leading middle-market consumer products private equity firm and valued partner to family-run or entrepreneurially driven businesses,” said Andrew Richards, Co-Founder and Managing Director at Swander Pace.

Swander Pace Capital invests in middle-market consumer products companies including branded and non-branded, manufacturers, marketers, and distributors that sell through a range of retail and institutional channels. The firm generally targets companies that have up to $400 million in revenues. Swander Pace was founded in 1996 and has offices in San Francisco, CA; Bedminster, NJ; and Oakville, ON (www.spcap.com).

poff nf1“The partners at Swander Pace Capital are thrilled to welcome back our existing limited partners and welcome our new limited partners to Fund V,” said Mark Poff, Managing Director at Swander Pace. “We are grateful for the strong support we received from our existing investors and believe that support is a validation of our strategy, focus, and performance. Swander Pace is well positioned to leverage the success of our preceding funds and our deep expertise in the consumer sector, and we are excited to execute our strategy in this new fund. We have already begun investing Fund V with the successful acquisitions of glo Professional, Aden & Anais and Recochem”

Swander Pace has substantial experience in the consumer products industry, including in sectors such as food and beverage, health and wellness, natural and organic, beauty and personal care, household products, pet products, soft goods and accessories, juvenile products, and ingredients, among many others.

“Fund V is the largest fund in our firm’s history, and we are eager to continue implementing our strategy of proprietary deal sourcing and strategic and tactical value addition that we have honed by staying focused on consumer products for the past 18 years,” said Mr. Richards.  “The consistency of our focus in the consumer sector has built a set of playbooks we can replicate with each new investment that includes growth strategies, channel migration, marketing, operational improvement or cost reductions. The execution of this strategy over our past four funds has enabled Swander Pace to identify, acquire and partner with high-potential consumer product companies that are in attractive niche sectors.”

© 2014 PEPD • Private Equity’s Leading News Magazine • 4-29-14

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