TZP Group LLC Raises $370 Million For Second Private Equity Fund

TZP Group, LLC is pleased to announce the final closing of TZP Capital Partners II, L.P. (TZP II), a private equity fund with $370 million in capital commitments. TZP II completed its fundraise above its initial cap in just nine months and was oversubscribed from its initial $300 million target. TZP II's limited partners consist of existing TZP Capital Partners I, L.P. (TZP I) investors and new investors representing leading sovereign wealth funds, pension funds, endowments, fund of funds, family offices, and financial institutions.

Consistent with TZP I, TZP II will focus on control investments in business and consumer services companies with enterprise values generally between $50 million and $250 million. TZP targets companies with solid historical profitability and sustainable value propositions, and seeks to be a "partner of choice" for business owners and management teams. The firm concentrates on business and consumer services verticals where its investment professionals have significant operating and transaction experience, including franchising, outsourced business and IT services, marketing and media services, travel and hospitality services, real estate services, and specialty finance.

Sam Katz, Managing Partner and Co-Founder, stated: "Our fundraising success validates the comparative advantage of our partner of choice investment strategy". The fund is led by Katz alongside Partners Vlad Gutin and Dan Galpern, plus eleven other investment professionals across offices in New York and Seattle. TZP raised the capital without a placement agent, with Kirkland & Ellis LLP providing legal counsel.