Encore Consumer Capital has closed its third fund above target and at its hard cap of $260 million. The target for the new fund was $225 million. Encore’s second fund closed in December 2012 with $211 million of commitments.
Encore Consumer Capital invests exclusively in consumer products companies that have revenues between $10 million and $100 million and where it can utilize its own consumer experience and the expertise of its operating partners at Encore Associates, a strategic advisory firm to the consumer products industry. Encore Consumer Capital was founded in 2005 and is headquartered in San Francisco (www.encoreconsumercapital.com).
“We are extremely grateful for the continued support we have received from our loyal investor base and excited by the new pension plans, endowments and family offices that have partnered with us,” said Robert Brown, a Managing Director and Co-Founder of Encore. “We look forward to continuing to capitalize on our investing and operating experience to accelerate the growth of leading consumer products companies.”
“Encore’s talented and experienced investment team, along with the management professionals at each of our portfolio companies with whom we are proud to have partnered with over the years, have enabled us to earn the respect and trust of our investors,” said Scott Sellers, a Managing Director and Co-Founder of Encore.
Senior members of Acalyx Advisors, a New York City-based placement agent that was formed earlier this year by Jennifer Rinehart, formerly a Managing Partner at MVision Private Equity Advisers, assisted Encore in the fundraising process. Encore’s new fund closed only two months after the issuance of the private placement memorandum. MVision was the placement agent for Encore’s second fund.
“We are pleased to have worked with the team at Acalyx, which has been our long term advisor and has helped us achieve this successful outcome, during a busy and critical time in our firm’s history,” said Encore Managing Director Kevin Murphy.
Latham & Watkins provided legal counsel to Encore Consumer Capital during the fundraising process.
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-1-15
