THE WHAT? Private equity firm L Catterton has launched an impact investment platform, with Tehmina Haider and Michael O’Leary appointed as Partners to lead the strategy.
THE DETAILS According to a press release, “The Impact Fund will partner with the next generation of mission-driven consumer companies, harnessing the firm’s demonstrated ability to build leading and category-defining brands. It seeks to deliver both attractive risk-adjusted returns and significant progress against some of the world’s most pressing social and environmental challenges.”
Leveraging L Catterton’s extensive resources and capabilities to invest and grow consumer companies with environmentally-focused missions, the fund will focus on businesses that mitigate climate change, reduce waste, and preserve nature; eliminate disparities in health, wellness, and nutrition.
THE WHY? The impact fund is said to create a more inclusive economy by expanding access to the financial system and improving education and workforce development.
Michael Chu, Global Co-CEO of L Catterton, said, “Since our inception 33 years ago, we have been proud to back many best-in-class sustainable consumer companies. We are confident that now is the right time to launch a dedicated impact fund platform that will further enable us to support mission-driven entrepreneurs and companies where impact is a core driver of the brand.
“Tehmina and Michael bring deep experience in consumer and impact investing, and we look forward to leveraging their leadership as we establish this platform.”
The post Private equity firm L Catterton launches impact fund platform appeared first on Global Cosmetics News.