PRESS RELEASE: NEW YORK, June 9, 2014 /PRNewswire/ — Sycamore Partners today announced that it has closed its second fund, Sycamore Partners II, L.P., with limited partner commitments of $2.5 billion. Sycamore Partners’ first fund, Sycamore Partners, L.P., closed in 2012 with limited partner commitments of $1 billion. With the closing of its second fund, Sycamore Partners now has in excess of $3.5 billion in assets under management.
“We are grateful for the positive and enthusiastic response we have received from our existing and new limited partners. With this new fund we continue to focus on our historically successful investment strategy of partnering with the very best consumer and retail executives to acquire and improve the very best consumer and retail brands,” said Stefan Kaluzny, a Managing Director of Sycamore Partners.
Simpson Thacher & Bartlett LLP served as fund counsel.
About Sycamore Partners Sycamore Partners is a private equity firm based in New York. Sycamore specializes in consumer and retail-related investments and its strategy is to partner with established management teams to improve the operating performance of their businesses. The firm’s investment portfolio currently includes Aeropostale, Coldwater Creek, Hot Topic, Jones New York, the Kasper Group, Kurt Geiger, MGF Sourcing, Nine West Holdings, Pathlight Capital, Stuart Weitzman and Talbots.