TSG Consumer Partners has promoted former principals Blythe Jack and Robyn Rutledge to the role of managing director/partner.
Jack joined TSG in 2011 from California-based toy company Cahootie, where she was chief executive officer. She was previously a partner at San Francisco-based private equity firm Rosewood Capital, where she worked for 10 years.
Rutledge joined TSG in 2007 from Thoma Cressey Equity Partners, now Thoma Bravo, where she was a senior associate. She was previously an analyst at Goldman Sachs. Both Jack and Rutledge focus on deal sourcing and due diligence and work with the firm’s existing portfolio companies.
In 2012, TSG completed eight new investments, three exits and three recapitalisations. The firm is investing its sixth fund that collected $1.3 billion in late 2011. TSG has to date invested roughly 20 percent of Fund VI.
The firm, which raised Fund VI after being in market for just 60 days, brought back the bulk of its existing limited partners and also attracted in a few new investors. Limited partners in Fund V include the Michigan Department of Treasury, the New York State Teachers’ Retirement System and the Colorado Public Employees' Retirement Association.
TSG focuses exclusively on the branded consumer sector and frequently invests in beauty and personal care products. The firm, which has invested in companies including VitaminWater, Smart Balance and Muscle Milk, manages more than $2.9 billion of capital.