North Castle Partners announced the final close of North Castle Partners VII at its hard cap of $400 million. The oversubscribed fund needed less than five months on the road to reach its target.
The Fund will focus on consumer businesses that promote healthy, active and sustainable living.
NCP VII’s predecessor vehicle, North Castle Partners VI, closed at its target of $300 million in August 2016. The previous fund received a limited partner commitment from Northwestern Mutual.
Additionally, North Castle Partners has completed its sale of wellness company, Jenny Craig, and has made investments in four management teams: Maya Kaimal Foods, Encore Vet Group, Vita Cup Inc. and Windham Mountain Resort.