Hunter Point Capital (HPC) announced a strategic partnership with L Catterton, a top global investment firm focused on consumer businesses. As part of the agreement, HPC will make a passive minority investment in L Catterton to support the growth of its new fund platforms, with a particular emphasis on its credit business. Bennett Goodman, HPC’s co-Founder and Executive Chairman, will also serve as a Strategic Credit Advisor to L Catterton.
L Catterton, with a 34-year history, is among the largest investors solely dedicated to the consumer sector. Its mission is to be the go-to partner for iconic consumer brands, and it recently established three new fund platforms – Private Credit, Impact, and RMB – to leverage its expertise and to strengthen its global platform.
HPC will help L Catterton develop its newest fund platforms, with a focus on credit, and will reinvest its capital into the firm’s funds to support all platforms. The partnership aims to enhance L Catterton’s reputation as a partner of choice for consumer businesses globally.
Scott Dahnke, Global co-CEO of L Catterton, expressed confidence that the partnership with HPC would support their efforts to create value for their portfolio companies and limited partners while strengthening the overall platform. Michael Chu, Global co-CEO of L Catterton, welcomed the support of Bennett as Strategic Credit Advisor and emphasized the potential of the Private Credit platform for growth and continued success.
Avi Kalichstein, co-Founder and CEO of HPC, said that L Catterton was precisely the type of world-class firm for which their strategic capital was intended, and they looked forward to adding value through their suite of business-building services.
The partnership does not alter L Catterton’s governance, investment process, or day-to-day management, and LVMH’s and Financière Agache’s collective minority stake in L Catterton remains unchanged.