#United States #Los Angeles #Private Equity #Meaningful Partners #Consumer Sector

Meaningful Partners Completes Successful Fundraise

Meaningful Partners LLC, a private equity firm situated in Los Angeles, California, has recently triumphantly finalized its second investment fund, aptly named Meaningful Partners Dedicated Capital Vehicle ii LP. The firm proudly announces a capital commitment surpassing $150 million, which significantly contributes to its overall assets under management, now totaling approximately $500 million.

This fundraise marks a significant milestone for Meaningful Partners, reflecting the strong confidence demonstrated by both its existing and new investors. The diverse cohort of investors includes notable endowments, foundations, consultants, families of funds, and family offices, indicating a broad spectrum of trust in Meaningful Partners' strategic vision.

Jake Capps, the Co-Founder and Managing Partner of Meaningful Partners, expressed his excitement about this achievement, stating, "We are excited to have closed our second fund and are proud to partner with an extremely high-quality group of investors. This support is a testament to the confidence our investors have in our investment approach and our growing team."

The successful close allows Meaningful Partners to further execute its strategic vision. Co-Founder Amin Maredia elaborated, saying, "This closing enhances our ability to deepen the operational capabilities of our firm, which is instrumental in driving accelerated growth and performance within our partner companies. With our skilled team and Expert Community, we're well-equipped to collaborate with beloved consumer brands through both control and significant minority transactions in diverse sectors including food and beverage, multi-unit services, beauty, and home as well as commercial services."

Meaningful Partners echoes its commitment to investing in consumer enterprises that resonate with customers, nurturing loyalty, and emphasizing a sincere commitment to stakeholders. The firm's investment range typically spans from $15 million to over $100 million, targeting lower-middle-market and growth companies poised for rapid scaling.

Complementing its seasoned team of investors and operational leaders, Meaningful Partners boasts an Expert Community comprised of more than 45 CEOs, founders, and category specialists, who cumulatively present over 850 years of specialized expertise. They work in unison to galvanize growth and create a tangible impact right from the get-go.

The company maintains offices in both Los Angeles, CA, and Austin, TX, reinforcing its commitment to fostering consumer trust and driving performance across its portfolio. As they look to the future, Meaningful Partners is determined to leverage its combined expertise and resources to drive sustained growth and success in the organizations it invests in.

For more detailed information about Meaningful Partners and its investment philosophy, please visit www.meaningfulpartners.com.

Legal Representation

Buchalter has served as the legal counsel to this fund, ensuring that all legal obligations and compliance protocols were adhered to during this fundraising initiative.

In summary, the close of the second fund represents a new chapter for Meaningful Partners, promising to expand its impact in the consumer sector and empower businesses ready to scale and innovate.