Deals
L Catterton Sells Stake to Hunter Point in Growth Push
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L Catterton, the private equity firm backed by luxury French fashion house LVMH, is selling a minority stake to Hunter Point Capital as the firms expand their reach among asset managers.
The stake is a passive investment that’s intended to help L Catterton develop new strategies, particularly in credit, according to a statement. The investment comes during an L Catterton fundraising push for about $10 billion across strategies, according to people familiar with the plans who asked not to be identified discussing private conversations with investors.