Consumer-focused investment firm L Catterton has entered into a strategic partnership with Hunter Point Capital (HPC), under which HPC has made a passive minority investment in L Catterton. Bennett Goodman, co-founder and executive chairman of HPC, will subsequently serve as strategic credit advisor to L Catterton.
In its 34-year history, L Catterton has become one of the world’s largest investors in the consumer products sector. Current active lifestyle investments include the likes of 2XU, Birkenstock, Kodiak, Pinarello, Seafolly or Taxa Outdoors. L Catterton established three new fund platforms (Private Credit, Impact and RMB) in 2023 to leverage its distinctive consumer insights and increase the strength of the overall global platform. HPC will support L Catterton’s new initiatives by helping the firm develop these new platforms, with a particular focus on the credit business. The partnership with L Catterton will reinvest HPC’s capital into the firm’s funds, continuing the partners’ long-standing commitment to supporting all fund platforms.
There will be no changes to L Catterton’s governance, investment process or day-to-day management. LVMH’s and Financière Agache’s collective minority stake in L Catterton remains unchanged.
