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Meaningful Partners, a Los Angeles, CA-based private equity firm focused on the consumer sector, announced the final closing of its 2nd fund, Meaningful Partners Dedicated Capital Vehicle ii LP, with over $150M of capital commitments.
With this recent closing, it now has approximately $500M of Assets under management.
Meaningful Partners secured commitments from both existing and new investors comprising a diversified investor group including leading endowments, foundations, consultants, fund of funds and family offices.
Led by Jake Capps, and Amin Maredia, Meaningful Partners invests in consumer businesses that have earned customer trust, foster loyalty, demonstrate a commitment to all stakeholders, and are led by management teams driving positive purpose and performance. It makes control and minority equity investments ranging from $15M to $100M+ in lower-middle-market and growth companies poised for rapid scaling. Its team of investors and operators is complemented by an Expert Community of 45+ CEOs, founders, and category specialists, with over 850 years of domain expertise.