Sycamore Partners Closes Third Fund At $4.75 Billion
NEW YORK, July 30, 2018 – Sycamore Partners (“Sycamore”), a private equity firm based in New York specializing in consumer and retail investments, today announced it has closed its third fund, Sycamore Partners III, L.P. (“Fund III”), with $4.75 billion of limited partner capital commitments. Sycamore has a globally diversified investor base of prominent endowments, foundations, funds of funds, family offices, insurance companies, pension plans and sovereign wealth funds.
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.
Acalyx Advisors Inc. served as placement advisor. Kirkland & Ellis LLP served as legal counsel.
About Sycamore Partners
Sycamore Partners is a private equity firm based in New York. Sycamore specializes in consumer, distribution and retail-related investments and partners with management teams to improve the operating profitability and strategic value of their businesses. 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.
About Acalyx Advisors
Acalyx is a highly selective independent firm specializing in advisory, private placement and investor relations for leading alternative asset management firms. With offices in New York and San Francisco, the firm is led by seasoned professionals who have collectively raised and advised on over $90 billion over the last 18 years across a number of strategies, including buyout, special situations and credit. For additional information, please visit www.acalyx.com.