Bansk Group Closes Fund II Above Target at $1.45 Billion
Fund II received strong participation from existing investors, as well as commitments from a diverse group of new global partners. Bansk's inaugural fund closed at
Building on the success of its predecessor fund, Fund II will continue to execute Bansk's proven investment strategy of partnering with strong management teams within the firm's core focus areas in the CPG staples industry – consumer health, food & beverage, household products and personal care – to execute on shared value creation strategies and build distinctive, enduring consumer brands.
"We are proud to have closed Fund II with tremendous support from both new and returning investors, and we are pleased that they share our conviction in Bansk's proven investment strategy and the tremendous opportunity set in today's CPG market," said
"The Bansk team brings a powerful blend of CPG operating expertise, investment discipline, and consumer market insight," said
"This successful fundraise is an important milestone in Bansk's journey and ambition to become a leading CPG investment firm," said
To date, Fund II has completed three investments in PetIQ, BYOMA and Arcadia Consumer Healthcare. Bansk completed seven investments in leading brands across its core sectors in Fund I, including Foundation Wellness, Red's and Woodstream.
Kirkland & Ellis LLP served as fund counsel and Evercore Private Funds Group acted as exclusive global placement agent to Bansk.
About Bansk Group
Founded in 2019, Bansk Group is a
Bansk's tenured group of investors and operators have invested more than
Contacts
Bansk Group
+1 212-355-4449
View original content:https://www.prnewswire.com/news-releases/bansk-group-closes-fund-ii-above-target-at-1-45-billion-302658160.html
SOURCE Bansk Group
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