VMG Partners Announces $1.0 Billion Close of Consumer Fund VI

Whats Happening:

VMG Partners, a growth equity firm focused on consumer brands and technologies, has successfully closed its sixth fund, VMG Consumer VI, at its target and hard cap of $1.0 billion. This significant fundraising achievement underscores the firm's continued ability to attract investor support and its commitment to partnering with entrepreneurs in the consumer sector.

Key Moves:

• VMG Partners closes VMG Consumer VI fund at $1.0 billion

• Fund reaches both its target and hard cap

• Firm reaffirms focus on transformative consumer brands and technologies

By The Numbers:

• VMG Consumer VI closed at $1.0 billion

• VMG has invested in over 60 consumer brands

• The firm has a nearly 20-year track record

Key Quotes:

• "We are humbled by the support of our returning and new limited partners, which enables us to continue collaborating with exceptional founders, operators and the broader ecosystem," said Robin Tsai, General Partner.

• "VMG's innovative approach is driven by a mission to do good by the consumer ecosystem," said Wayne Wu, General Partner.

• "Today's announcement marks a significant milestone for our firm and is a testament to Robin and Wayne's exceptional dedication to exceeding expectations and driving impactful results," said Mike Mauzé, General Partner.

Bottom Line:

VMG Partners' successful closing of its $1.0 billion Consumer VI fund demonstrates strong investor confidence in the firm's strategy and track record. This substantial capital raise positions VMG to continue its mission of identifying and supporting innovative consumer brands, potentially leading to significant growth and value creation in the consumer sector.

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