On March 23, 2023, L Catterton announced a strategic partnership with Hunter Point Capital.
Under the terms of the agreement, Hunter Point Capital (“HPC”) has acquired a minority equity stake in L Catterton. Bennett Goodman, Executive Chairman of HPC, will serve as a strategic advisor to L Catterton. Financial terms were not disclosed.
HPC, based in New York, is an investment firm with a focus on providing strategic support to alternative asset managers. As of June 2022, HPC had $1.1 billion in assets under management.
L Catterton, based in Greenwich, Connecticut, is a private equity firm with a focus on credit, real estate, and private equity investments. L Catterton has approximately $33 billion in assets under management.
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