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L Catterton is a global investment firm focused on consumer brands, managing about $37 billion and operating across private equity, credit, and real estate with a 17-office network. It identifies high-growth, consumer-facing brands and provides capital plus hands-on support to build brand equity, scale operations, and expand market reach. It differentiates itself through a long track record, sizable capital, consumer-brand specialization, and a global multi-product platform that supports portfolio companies across markets. Its goal is to grow high-potential consumer brands and create value for investors by expanding reach and optimizing capital structures across its platforms.
Industries
Financial Services
Real Estate
Consumer Goods
Company Size
201-500
Company Stage
N/A
Total Funding
$12.2B
Headquarters
Greenwich, Connecticut
Founded
1989
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Total Funding
$12.2B
Above
Industry Average
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L Catterton strengthens India leadership, hires former 360 One exec as MD. * 29 Jul 2026 * Listen to Story Global consumer-focussed investment firm L Catterton has appointed former 360 One Asset executive Chetan Naik as managing director for its India operations. Based out of Mumbai, Naik will work alongside L Catterton India's executive chairman Sanjiv Mehta and its partner Vikram Kumaraswamy to expand the firm's investment platform in the country, the firm said in a press statement. The move comes as the Connecticut-headquartered firm, which manages approximately $40 billion across private equity, credit and real estate, looks to double down on India's consumer sector. Naik brings around two decades of experience across private equity, venture growth and corporate finance. Most recently, he served as the head of technology at 360 One Asset (formerly IIFL Asset Management), where he managed its Thematic New Age Consumer Technology Fund. Prior to that, he held the position of Vice President at TVS Capital Funds. Over his career, Naik has backed a slew of high-profile consumer and tech brands including Zomato, Swiggy, Nykaa, Country Delight, Licious, Snitch Apparel, Netweb Technologies and Zetwerk. Commenting on the appointment, Sanjiv Mehta, executive chairman of L Catterton India, highlighted the firm's bullish outlook on domestic consumption. "The country's consumption supercycle is at a vibrant stage of its upward trajectory and we are leaning into the market with conviction and discipline," Mehta said. Vikram Kumaraswamy, partner at L Catterton, noted that Naik's deal making capabilities compliment the firm's existing buyout and growth investing playbook. Naik, on his joining, said, "India's consumer economy continues to present compelling opportunities, spurred by innovation, evolving consumer preferences and a thriving entrepreneurial ecosystem." An alumnus of IIM Indore and Government College of Engineering, Pune, Naik has served on the boards and observer seats of several growth-stage startups. Founded in 1989 and now a partnership between Catterton, LVMH, and Groupe Arnault, L Catterton has made over 300 investments globally with check sizes ranging from $5 million to $5 billion.
L Catterton appoints Chetan Naik as Managing Director. | 29 July 2026 Naik will work with L Catterton India Executive Chairman Sanjiv Mehta, Partner Vikram Kumaraswamy and the firm's global team to grow its presence in the country. L Catterton, one of the largest consumer-focused investment firms, has appointed Chetan Naik as Managing Director. The appointment strengthens the firm's leadership in India as it expands its consumer investment platform. Based in Mumbai, Naik will work with L Catterton India Executive Chairman Sanjiv Mehta, Partner Vikram Kumaraswamy and the firm's global team to grow its presence in the country. Naik brings nearly two decades of experience in private equity, venture growth and finance. He joins from 360 ONE Asset, where he led investments across consumer and consumer technology sectors. His portfolio included beauty and personal care, fashion, food delivery, health and wellness, packaged food, quick commerce, restaurants and cloud kitchens. During his career, he has partnered with founders and management teams to build category-leading businesses. His investments have delivered multiple successful exits and strong returns. Expanding India's consumer investment platform The appointment reflects L Catterton's growing focus on India. The firm sees significant long-term opportunities in the country's fast-growing consumer economy. "Chetan is a proven investor in India's consumer sector, and we are pleased to welcome him to the firm," said Sanjiv Mehta. "The country's consumption supercycle is at a vibrant stage of its upward trajectory and we are leaning into the market with conviction and discipline." He further added, "Structural tailwinds are propelling the expansion of businesses in many categories, and we are focused on identifying and partnering with the ones which have robust fundamentals and are best positioned for long-term success." Kumaraswamy said, "Chetan is an astute dealmaker with credentials investing in and scaling up consumer businesses that have come to be renowned brands in India. His capabilities compliment our dealmaking and operating expertise in the growth and buyout space." He mentioned, "This augments our differentiated offering in the country and we look forward to leveraging his experience as we continue to develop and capitalize on our strong pipeline of investment opportunities at the intersection of various consumer themes in India." Backing India's next generation of consumer brands Naik said India offers significant opportunities for consumer investors. "L Catterton is the world's leading consumer-focused investment firm with a distinctive track record of building iconic brands and creating exceptional value. India's consumer economy continues to present compelling opportunities, spurred by innovation, evolving consumer preferences, and a thriving entrepreneurial ecosystem," Naik said. He also mentioned, "I am delighted to join the firm at this exciting stage of its journey in the country and look forward to working closely with Sanjiv, Vikram, and other colleagues across L Catterton's global platform to build category-defining brands and create enduring value." The appointment reinforces L Catterton's commitment to India. The firm is looking to back high-growth consumer businesses across both established and emerging categories.
Hyrox ramps up capacity to accommodate two million competitors. By Kath Hudson 26 Jul 2026 Hyrox is building capacity for two million racers in the upcoming season Credit: Hyrox Hyrox has announced 'residencies' of up to 10 days for the coming season, an increase from the current calendar of two-day events This evolution will allow more athletes to race and solve capacity bottlenecks More than two million competitors are expected to race in the 2027 season, which will conclude with the Hyrox World Championships in Hong Kong in June 2027 L Catterton is understood to be seeking to acquire Hyrox Job opportunities Heritage Great Britain c£70,000pa + benefits + relocation support location: Isle of Wight, United Kingdom With more than two million athletes expected to race this season and more than 100 race 'weekends' across six continents, Biohacking ORB is seeing unprecedented global demand for Fitness racing Hyrox is extending many of its race events beyond their traditional weekend format into new 'residencies' which will last up to 10 days. The move comes as demand pushes the Fitness racing brand beyond the capacity of its existing event model. The longer-format events will allow significantly more athletes to compete while easing pressure on host venues, many of which sell out within hours of tickets going on sale. In the UK, Birmingham will run for six days (27 October-1 November), London ExCeL for five days (2-6 December) and Manchester will be staged for 12 calendar days inclusive (20-31 January), although racing may not occur every day. Cardiff will run for 10 days (20-29 May) and Glasgow for five (10-14 March) Hyrox expects more than two million athletes to compete across 107 events on six continents during its January to June 2027 season - up from around 1.5 million in the previous campaign. Christian Toetzke, co-founder of Hyrox, says: "Every new season demonstrates just how quickly Hyrox is growing. With more than two million athletes expected to race this season and more than 100 race 'weekends' across six continents, Biohacking ORB is seeing unprecedented global demand for fitness racing. "This is another important milestone in our mission to make fitness racing more accessible to communities around the world." The longer residencies will enable Hyrox to increase capacity at its busiest locations by keeping competition infrastructure in place for longer. The approach also reduces the number of venue builds and dismantles required, allowing more competitors to pass through each installation. This logistics strategy reflects a touring model Toetzke described in an interview with HCM in 2023. "We work like a rock concert tour," he said at the time. "Everything is packed into trucks at the end of the event and taken to the next location." By extending events across more days, Hyrox will spread the fixed costs of transporting, building and dismantling each competition floor over a greater number of participants, while reducing the frequency with which equipment has to be moved between venues. The 2027 calendar also expands into new host cities including San Diego, Portland, Bari and Nagoya, while returning to established destinations such as Amsterdam, Beijing, Brisbane and Hong Kong. The season will conclude with the Hyrox World Championships in Hong Kong in June 2027. Hyrox is also expanding its Youngstars programme - particularly in North America - to encourage greater youth Participation in fitness racing. The success of Hyrox is attracting attention from investors and recent regulatory filings indicate consumer-focused private equity firm, L Catterton, which is part of LVMH, is seeking to acquire Hyrox World GmbH from Infront Sports and Media. Founders Christian Toetzke and Moritz Fürste are expected to retain equity through a new holding company. The transaction has not yet been formally announced. Footnote Les Mills recently became the Official Group Training provider for Hyrox, offering bespoke training programmes to get gym-goers race ready for Hyrox events. Read HCM's interivew with Les Mills founder and MD, Phillip Mills here.
Smash Foods raises $18M with L caterton backing. Jam-packed pantry staple and snack food platform Smash Foods has secured $18 million in a Series A funding round led by L Catterton, with participation from The Family Fund and Eclair Ventures. The new funding will be used to build out infrastructure to support distribution expansions, strategic hiring and brand building efforts, said cofounder and CEO Anna Peck. "L Catterton's track record of building iconic consumer brands is unmatched and invaluable as we drive product innovation and expand distribution nationwide," said Peck. "Steve and I started Smash Foods to take a beloved staple - jam - that was rich in nostalgia but light on nourishment, and reinvent it with ingredients that work harder to fuel full lives. With this new support, we're excited to bring that same ethos to other beloved snacks." Unlock the articles, expert interviews, and data reports that power the food and beverage industry. Join our community and stay ahead with exclusive insights from BevNET and Nosh.
Smash Foods, cofounded by Anna Peck and Steven Ford, has secured $18 million in funding led by L Catterton, with participation from The Family Fund and Eclair Ventures. The company started with low-sugar fruit spreads and has since tripled its business, reaching over 10,000 stores nationwide. The brand's growth accelerated significantly after launching Jammy Protein Bites in 2024, which are nut butter snacks filled with fruit spreads. Investors were impressed by Smash Foods' rapid market penetration and profitability achieved with minimal marketing spend. The new capital will fund manufacturing expansion for the Bites line, including recently launched Mini Bites, and support product development. Smash Foods products are now available at major retailers including Costco, Target, and Walmart locations.
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Industries
Financial Services
Real Estate
Consumer Goods
Company Size
201-500
Company Stage
N/A
Total Funding
$12.2B
Headquarters
Greenwich, Connecticut
Founded
1989
Find jobs on Simplify and start your career today