A private equity firm based in New York specializing in consumer and retail investments Sycamore Partners, has raised nearly $2 billion to its latest fund, which is targeting $2.5 billion.
So far, Sycamore has raised $1.97 billion for the fund from 40 investors, according to a filing with the Securities and Exchange Commission.
In its pursuit of underperforming retailers and consumer brands, the tight-lipped private equity firm has engaged in some fairly public takeover battles.
In an attempt to fend off the firm in 2011, Talbots Inc. adopted a poison pill shortly after Sycamore revealed it had accumulated a nearly 10% stake in the apparel retailer. A year later, after some extended wrangling, Sycamore completed a $391 million deal for the company.
The firm spent months circling beleaguered surfwear company Billabong International Ltd., which instead agreed to accept a refinancing package from Centerbridge Partners and Oaktree Capital Management.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, New York Private Equity, NY Private Equity, Sycamore Partners, Sycamore, Securities and Exchange Commission, Talbots Inc., Surfwear Company, Billabong International Ltd., Centerbridge Partners, Oaktree Capital Management.