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Private Equity Firm L Catterton Seeks $7.8 Billion For New Buyout Fund

Private Equity Firm L Catterton Seeks $7.8 Billion For New Buyout Fund

Private Equity Firm L Catterton Seeks Nearly $7.8 Billion For New Funds

L Catterton, an investment firm that emerged from a partnership between Catterton, LVMH and its billionaire owner Bernard Arnault, is pitching a buyout fund.

The fund will cover transactions wherein the firm takes a controlling stake in a business. According to the Wall Street Journal, L Catterton is looking to raise $6.5 billion and another $1.25 billion for its growth-investment fund.

L Catterton was established in 2016 when private equity firm Catterton, the Arnault family holding company Groupe Arnault and LVMH joined forces. L Catterton has approximately $30 billion worth of assets under management dedicated to growing middle-market companies and emerging high-growth enterprises.

The firm took a majority stake in Italian fashion house Etro back in July 2021 and Birkenstock this past February 2021. It has also backed direct-to-consumer (DTC) brands such as Everlane.

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