Tengram Capital Partners, the private equity firm that invested in Active Ride Shop, Sequential Brands Group, Robert Graham and other brands, has raised $320 million for its new fund.
The firm said the fund was “significantly oversubscribed.” Investors in the new fund included foundations, endowments, corporate and state pension plans and large family offices.
Tengram said its current focus is on the lower middle market where it can invest $15 million to $40 million per transaction.
The private equity firm became the majority owner of Active a year ago, and is supporting Active’s ambitious expansion plans and investing in its infrastructure.
