Private equity firm Brentwood Associates has raised $984 million of a targeted $1.1 billion fund, according to documents filed with the Securities and Exchange Commission last week.
The firm did not respond to request for comment, but the fund is the outfit’s sixth, and its first since a $688 million vehicle closed in 2014.
Brentwood has been an active dealmaker in the first half of 2017, closing the platform acquisition of Texas-based Jefferson Dental Care from Century City’s Black Canyon Capital. That purchase had an estimated value north of $200 million. The firm also closed two bolt-on deals for ChildCare Education Institute and Frog Street Press Inc., add-ons to their Monterey-based Excelligence Learning Corp. platform company.
There has been some recent personnel churn at Brentwood, however. Anthony Choe, a partner at the firm for nearly 20 years, left late last year and has yet to be replaced. The firm did bring on Keith Gordon, executive chairman of Excelligence, as an operating partner this month. Brentwood said in a statement Gordon had worked with the firm’s portfolio firms extensively before the hiring.
Brentwood focuses on the consumer products space and has stakes in companies such as Santa Monica fast-casual restaurant chain Veggie Grill and Gardena furniture retailer Z Gallerie.