Meaningful Partners, LLC, a Los Angeles, California- and Austin, TX-based private equity firm specializing in the consumer sector, closed its debut fund, at $175m.
Meaningful Partners Dedicated Capital Vehicle, LP, closed above its cap of $150 million securing commitments from a diversified investor group, comprising endowments, foundations, family offices and fund of funds.
Led by Jake Capps, and Amin Maredia, Meaningful Partners focuses on partnering with consumer businesses with relevant and specific long-term thematic trends. The firm makes control or minority investments ranging from $10 million to $50+ million in middle market (>$3 million in EBITDA) and high growth companies (>$10 million in revenue with visibility to near-term profitability).
Meaningful Partners has curated a 45 person Expert Community with over 800+ years of collective experience across a diverse range of domain expertise and sub sectors within the consumer space. This group adds value through sourcing proprietary deal flow, providing real time insights during due diligence and delivering discrete post transaction value creation.
Jake Capps has been a private equity investor for over two decades with a passion for the consumer sector. Prior to founding Meaningful Partners, he worked at three large private equity firms. Capps has led or co-led investments in dozens of consumer companies deploying over $1.5bn of equity capital. He holds a BA from Dartmouth College and an MBA from Harvard Business School.
Amin Maredia has over two decades of experience working within the consumer sector, primarily as an operator with growth stage, private equity backed and Fortune 1000 companies. Prior to founding Meaningful Partners, he served as CEO of Sprouts Farmers Market (NASDAQ:SFM). Over seven years, Maredia helped lead the company from $600mm to $5bn in revenues, 4,000 to 30,000 employees and helped execute an initial public offering for the company in 2013. Prior to Sprouts, he served in key global strategic roles at Burger King Corporation. Maredia attended the Harvard Business School Management Program and has an undergraduate degree from the University of Houston.
FinSMEs
06/08/2021