VMG Partners closes Growth Fund V at its $850M target and hard cap
Raised in approximately three months, VMG Growth V will continue to invest in entrepreneurial early and late stage consumer focused companies to build iconic brands.
VMG Partners (“VMG”), a private equity firm focused on partnering with entrepreneurs and managers to support the growth and strategic development of leading branded consumer product and technology companies through its Growth and Catalyst funds, has announced the closing of VMG Partners V, L.P. (“VMG Growth Fund V”) at its target and hard cap of $850 million. With the closing of VMG Growth Fund V, VMG’s assets under management increases to approximately $2.6 billion.
VMG Growth Fund V will continue to invest in entrepreneurial early and late stage consumer focused companies to build iconic brands. In addition to closing VMG Growth Fund V, VMG has substantially exited all its portfolio companies in VMG Partners I, L.P. (“VMG Growth Fund I”). and VMG Partners II, L.P. (“VMG Growth Fund II”) as well as its third exit of VMG Partners III, L.P. (“VMG Growth Fund III”) in less than fifteen years as of the end of 2020.