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L Catterton is an American multinational private equity firm. Founded in Greenwich, Connecticut in 1989, the fund has made over 250 investments in brands across all segments of the consumer industry. The firm is led by co-CEOs J. Michael Chu and Scott Dahnke. Why A Private Equity Firm Backed By Bernard Arnault Is Putting $400 Million Into Norwegian Cruise LineForbes Originally Catterton Partners, the fund merged with Bernard Arnault's family office and LVMH in 2016 to create L Catterton.
In June 2024, L Catterton ranked 39th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.
In 2003, Scott Dahnke joined the firm as a co-Managing Partner. In 2008, the firm launched its first growth fund targeting investments in early to late-stage growth companies. These investments included Vroom, Sweaty Betty, Il Makiage, Sweet Leaf Tea Company, Tula and Pong Research. Online Used Car Retailer Vroom Announces $254 Million Series H Funding RoundBusiness Wire Fitness Retailer Sweaty Betty to Prepare $524 Million Sale The Business of Fashion L Catterton-Backed Beauty Business Valued at $1.5 Billion by New InvestorsThe Wall Street Journal L Catterton-Backed Catterton Swallows Stake in Sweet LeafThe New York Times L Catterton Backs Skin-Care Brand TULAThe Wall Street Journal In 2013, the firm launched its Latin America fund targeting investments in Latin American middle market growth companies. Catterton Taps Former Executives of Eton Park to Run Latin America FundThe Wall Street Journal Notable investments in the Latin America strategy include Cholula Hot Sauce and NotCo. L Catterton to buy Jose Cuervo-backed hot sauce brand CholulaReuters Brazil's Petlove raises $150M from Riverwood, SoftBank to sell pet products and services onlineTechCrunch
In 2020, L Catterton raised over $5 billion for its ninth buyout fund and over $950m for its fourth growth fund. L Catterton Seeks Nearly $7.8 Billion for New FundsThe Wall Street Journal
2016–present
In January 2016, Catterton, LVMH, and Financière Agache (previously Groupe Arnault), the family holding company of Bernard Arnault, partnered to create L Catterton. The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's pre-existing European and Asian private equity and real estate operations. The merged firm is now called L Catterton and invests globally from six fund platforms: L Catterton Flagship Buyout, L Catterton North American Growth, L Catterton Latin America, L Catterton Europe, L Catterton Asia, and L Catterton Real Estate. In May 2021, Private Equity International listed L Catterton as the 32nd largest private equity firm in the world based on capital raised over the prior five years.
In January 2025, L Catterton entered into a strategic partnership with Japanese premium fishing gear maker Megabase, aiming to expand Megabase's production and distribution network to respond to rising demand in Japan and the United States.
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