Brentwood Associates has held a final close for Brentwood Associates Private Equity V, LP. The fund closed with $688 million in total commitments, surpassing its $500 million target. Brentwood engaged UBS Securities as its placement agent for the fund.
Brentwood Associates is a consumer-focused private equity investment firm with over $1.2 billion of assets under management. Sectors of interest include specialty retail; branded consumer products; consumer services; direct marketing, including direct mail and e-commerce; education; health and wellness; and restaurants. The firm is based in Los Angeles (www.brentwood.com).
Brentwood will continue to be managed by partners William Barnum, Anthony Choe, Roger Goddu, Steve Moore, Eric Reiter and Rahul Aggarwal, who was promoted to Partner in connection with the final close of Fund V.
Prior to the final close, the new fund completed investments in several consumer businesses, including Allen Edmonds, Lazy Dog Restaurants, Marshall Retail Group and Z Gallerie.
Brentwood’s prior fund, Brentwood Associates Private Equity IV, LP, closed with commitments of $439 million in 2006.
2014 PEPD • Private Equity’s Leading News Magazine • 12-10-14
