Monogram Capital Partners has completed the final close of Monogram Capital Partners Fund III at its hard cap of $350 million, marking the firm’s largest fund to date and bringing its regulatory assets under management to approximately $1.75 billion. The fund was significantly oversubscribed, driven by strong participation from both existing and new Limited Partners, including endowments, foundations, family offices, funds of funds, and other prominent institutions.
The Los Angeles-based private equity firm, founded in 2014, focuses on partnering with founder-led and family-owned consumer businesses as their first institutional investor. Its model integrates investments in both consumer brands and the supply chain and service infrastructure that support them, creating what the firm describes as a dual mandate designed to generate operational insights, capture scale advantages, and sustain value creation for portfolio companies.
Investors responded to the firm’s differentiated strategy, disciplined sourcing approach, and historical performance. According to Monogram, its portfolio companies have collectively generated approximately 3x revenue growth and over 600 bps of EBITDA margin expansion across investments held for at least 5 years. The firm’s experience spans category-defining consumer brands and essential service providers, with representative investments including OLIPOP, Archer, Grand Fitness, Kidfresh, Precision Tri State, D.S. & Durga, Vasco, and Chewy.com. Monogram recently exited Western Smokehouse, which it scaled from 1 to 7 facilities while expanding EBITDA more than 10x and supporting over 1,200 jobs.
Fund III enables Monogram to continue deploying its investment strategy across four core verticals: food and beverage, beauty and personal care, pet, and consumer and business services. The firm will also expand its investment team and operating partner program to institutionalize its platform further and enhance support for portfolio companies.
Support: Lazard served as placement agent for the fund, and Latham Watkins advised Monogram on legal matters.
KEY QUOTES:
“Our mission has always been to build enduring consumer businesses by pairing deep operational expertise with a long-term partnership mindset. We view ourselves as the bridge between family-held businesses and large-cap institutional capital–helping scale companies that deliver exceptional value to consumers, employees, and communities alike.”
“Closing Fund III represents a significant milestone for our team and our investors. We are deeply grateful for the trust placed in us and excited to continue building the next generation of enduring consumer businesses.”
Jared Stein, Co-Founder and Partner at Monogram Capital
“With the closing of this fund, we will add greater depth to our team and resources across the firm. These efforts to further institutionalize Monogram are in service of building an enduring firm for many funds to come.”
Oliver Nordlinger, Co-Founder and Partner at Monogram Capital
