Tengram Overshoots Target for Fundraising

By Marc Castro

Apr 16, 2013 08:37 AM EDT

Tengram Capital Partners LLC (TCP) is a private equity firm that invests in middle market companies to complete the fundraising for its capital base. The newest fund of the firm has closed with US$173 million in committments exceeding its inital US$150 million target.

TCP was able to receive commitments from a number of investors, both institutional and individual in nature, including endowments, alternative asset managers, pension plans and large family offices. According to Matthey Eby, co-founder and Managing Partner, "The team at Tengram is thrillded to have the trust and support of a strong grou of long-term investors. We value their partnership and look forward to working on their behalf."

Founded by William Sweedler and Matthew Eby in 2010, the partnership grew with the addition of Richard Gersten in 2011. Collectively, the three have nearly half a century's experience in operating and investing in branded consumer enterprises. 

The philosophy of the firm is that brands are the most vital and valuable part of the consumer experience. As Richard Gersten explained, "We work closely with our management teams and strive to create strong partnerships founded on a basis of trust. Our partnership approach resonates with many founder and family led businesses that are seeking the operating expertise and intellectual capital to help grow their business."

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