Catterton Partners, a private equity firm that specializes in consumer brands like Restoration Hardware, Edible Arrangements, and Baccarat, has closed two of its funds to new investment.
The buyout-focused Catterton Partners VII and growth-focused Catterton Growth Partners II took in a combined $2.1 billion for the new funds. The fundraising brings the firm's assets under management to more than $4 billion.
Investor demand was strong and both funds were over-subscribed, according to the firm. Catterton Growth Partners II raised $400 million in three months and Catterton Partners VII raised $1.6 billion in just over a year.
(Read more: Restoration Hardware shares soar in market debut)
"I've invested with them for 20 years. They have a great process and great returns. I don't know what more you could ask for as a limited partner," said Scott Rooth, executive partner for private equity at investment manager PPM America. PPM America is an investor in Partners VII via a fund of private equity funds, $3.0 billion PPM America Capital Partners.
Partners VII has made three investments already: sandwich shop chain Primanti Brothers, kitchen and bath fixture and appliance company PIRCH and yoga company CorePower Yoga. Growth Partners II has taken one stake: meal delivery company Snap Kitchen.