NEW YORK — Private equity firm Sycamore Partners says it has closed its third fund, Sycamore Partners III, L.P. (“Fund III”), with $4.75 billion of limited partner capital commitments.
Sycamore Partners is based in New York specializing in consumer and retail investments. Sycamore has an investor base of prominent endowments, foundations, funds of funds, family offices, insurance companies, pension plans and sovereign wealth funds.
The firm’s investment portfolio currently includes Belk, Coldwater Creek, EMP Merchandising, Hot Topic, MGF Sourcing, NBG Home, Staples, Inc., Staples United States Retail, Staples Canada, Talbots, The Limited and Torrid.
Stefan Kaluzny, Managing Director of Sycamore Partners, said, “We believe the successful closing of Fund III following strong investor demand reflects the power of our investment strategy. We partner with management teams to enhance the profitability and value of their consumer, distribution and retail-related businesses and provide capital tailored to help them succeed.”
Sycamore’s second fund was raised in 2014 with $2.5 billion of committed capital. The Firm now has approximately $10 billion in assets under management.