GREENWICH, Conn., Oct. 30, 2023 – Brynwood Partners, a prominent private equity firm specializing in control investments within the consumer product sector, has announced the successful closing of its ninth fund, Brynwood Partners IX L.P. The fund secured over $750 million in committed capital, marking a significant milestone for the firm. This achievement underscores the strong confidence investors have in Brynwood Partners‘ strategic approach and proven track record.
The capital raised for Brynwood IX comes from a diverse group of investors, including pension funds, insurance companies, fund-of-funds, endowments, foundations, and family offices. Notably, Brynwood IX is the largest fund in the 39-year history of Brynwood Partners, highlighting the firm’s consistent growth and appeal to the investment community.
Hendrik J. Hartong III, Chairman and Chief Executive Officer of Brynwood Partners, commented on the fundraise success: “We are deeply grateful for the support shown by both our long-standing and new limited partners, especially amidst what has been one of the most challenging fundraising environments in my career. The successful completion of this fundraise is a testament to the effectiveness of our active investment strategy.” Hartong further added, “As we approach our 40th anniversary, we take pride in our firm’s history and are enthusiastic about the opportunities that Fund IX will enable. Reaching our ninth fund is a clear validation of our strategy and the dedication of our investment team.”
In addition to the fund closing, Mr. Hartong III announced the promotions of David Eagle and John LeBoutillier to Senior Managing Directors within Brynwood IX. “I am delighted to recognize David and John with these well-deserved promotions to Senior Managing Director,” stated Mr. Hartong III. “In their expanded roles, David and John will continue to be instrumental in guiding the investment and operational strategies of Brynwood Partners, contributing significantly to the firm’s continued success.”
Consistent with its previous funds, Brynwood Partners will concentrate on making control investments in consumer products businesses located in North America. The firm distinguishes itself with a leadership team comprising experienced operating executives and investors who adopt a hands-on approach with their portfolio companies. This active strategy, combining operational expertise with astute investment skills, is central to Brynwood Partners‘ value creation model, driving growth and enhancing the performance of its portfolio companies.
Locke Lord LLP served as fund formation counsel for Brynwood Partners in the establishment of Brynwood IX.
About Brynwood Partners:
Established in 1984 and based in Greenwich, CT, Brynwood Partners is an operationally-intensive private equity firm focused on acquiring lower middle market companies. The firm strategically targets non-core brands or companies exclusively operating within the consumer sector.
Since its inception, Brynwood Partners has accumulated nearly $2.6 billion in committed equity capital. This capital base includes investments from a diverse range of institutional investors such as pension funds, insurance companies, fund-of-funds, endowments, foundations, and family offices, reflecting the broad confidence in Brynwood Partners‘ investment capabilities and sector focus.
For further details on Brynwood Partners and its portfolio investments, please visit www.brynwoodpartners.com.
