Silas Capital Closes Fund II at $150M Hard Cap

The Oversubscribed Fund Will Fuel Next Generation Consumer Brands

NEW YORK, March 5, 2024 /PRNewswire/ -- Silas Capital, an "emerging growth" equity and venture capital firm that invests behind exceptional next-generation consumer brands, has announced the close of its newest consumer growth fund, Silas Capital Partners II, reaching its hard cap of $150 million of commitments. The oversubscribed fund received strong support from prominent institutional investors including endowments, fund-of-funds, insurance companies, global asset managers, family offices and multi-national CPG companies.

"We are deeply appreciative of the trust and support received from such a high–quality investor base. We're particularly proud that the vast majority of our long-term Limited Partners re-upped with us and were joined by a who's who of new LPs," said Carter Weiss, Partner of Silas Capital.

With Fund II, Silas Capital will continue to focus on $3 million to $15+ million investments in high-growth, and typically profitable, consumer brands between $5 million and $50+ million in revenue. This "emerging growth" strategy resides uniquely between venture capital and private equity, which has proven to be an ever-inefficient segment of the market within the consumer space.

Brian Thorne, Partner, said, "Frank, Carter and I have unique, complementary backgrounds that together bring expertise across e-commerce, wholesale, and retail that differentiates our partnership. We've seen great success focusing on brands with distinctive propositions, authentic founder stories and unfair advantages that allow for more efficient customer acquisition – especially when across an omni-channel distribution strategy."

Drawing upon its extensive experience as an active, lead investor in minority transactions, and as former entrepreneurs themselves, the Silas team helps stand-out brands accelerate growth, execute operationally and recruit talent. This fund will continue to attract unique and proprietary investments in beauty, personal care, wellness, apparel, home, and food & beverage... Silas Capital portfolio companies include ILIA Beauty (sold to Famille C), Boll & Branch (sold to L Catterton), Lord Jones (sold to Cronos), Bare Snacks (sold to PepsiCo), Makeup by Mario, Hello Cake, Vacation, Wonderbelly, Sakara Life, Bellroy, HATCH, Herbivore Botanicals and many others.

"In addition to our extensive network to support our portfolio, what sets Silas Capital apart is our deep consumer expertise and a record of successfully investing across multiple economic cycles," said Frank Lin, Partner. "Many of the shifting consumer behaviors we've seen through the pandemic will continue to endure, including the convergence of e-commerce with physical retail, growth in health and wellness, and conscious consumption."

Morrison Cohen serves as legal counsel for the Fund. Silas Capital did not use a placement agent.

About Silas Capital:

We've been there too — Silas Capital is a consumer growth equity and venture capital firm formed in 2012 by founders and principal investors with a long record of success across e-commerce, wholesale, and retail.

The firm's flagship funds, Silas Capital I & II, specialize in partnering with growth stage consumer businesses between $5 and $50+ million in revenue that are capital efficient and on a clear path to profitably as lead investor with check sizes of $3 to $15+ million. Silas is one of the few experienced firms specializing in "emerging" growth stage consumer businesses, having pioneered the segment.

Additionally, Silas looks to invest up to 10% of its capital into seed and early-stage brands with smaller passive checks under $500K through Silas Ventures, the firm's early-stage venture platform comprised of two micro funds, Silas Ventures I & II.

For more information visit www.silascapital.com

CONTACT INFORMATION:
Silas Capital
Frank Lin
info@silascapital.com

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SOURCE Silas Capital