Campbell Lutyens announces its role as adviser to Stride Consumer Partners LLC ("Stride") on Stride Consumer Fund II ("Fund II"), which recently held its final close at its hard cap of $550 million in capital commitments. The fund was oversubscribed and closed 30% larger than Stride's debut fund, bringing the firm's total assets under management to approximately $1.3 billion. Campbell Lutyens acted as placement agent, building on its partnership with Stride that began with Fund I in 2020. That fund closed in 2022 at $420 million, exceeding its $300 million target and original hard cap.

"We congratulate Stride on the final close of Fund II, which reflects the conviction of its investor base and the strength of the team's track record in consumer growth equity,” said Sarah Sandstrom, Partner and Head of North American Private Equity Placement. “Having partnered with Stride since the launch of Fund I, it has been rewarding to support the firm as it has scaled. We thank the Stride team for entrusting us with this mandate and look forward to supporting their continued success."

Fund II will continue Stride's strategy of partnering with founders and management teams building lasting, category-defining brands across four consumer verticals: Beauty & Personal Care, Food & Beverage, Active Lifestyle, and Multi-Unit Services. Stride's Partners have invested together for decades and are supported by a bench of Operating Partners who bring direct executive experience to portfolio management teams.