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NEW PLATFORM AND ADD-ON INVESTMENTS |
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New Platform Investment
In February 2022, TZP invested in America’s Thrift Stores, a leading secondhand retailer and e-commerce company |
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New Platform Investment
In June 2022, TZP invested in Soccer Post,
the largest specialty soccer retailer in the U.S. |
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New Platform Investment
In January 2023, TZP invested in an undisclosed fragrance business |
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Add-On Acquisition
BQ Resorts acquired a resort management business |
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Add-On Acquisitions
Christy Sports acquired: |
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Add-On Acquisition
Soccer Post acquired a
regional soccer retailer |
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Add-On Acquisitions
HomeRiver Group completed ten separate add-on acquisitions |
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PLATFORM EXITS |
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| In July 2022, TZP realized its investment in Family Entertainment Group, a leading national designer, developer, and operator of amusement facilities, with the sale to H.I.G. Capital |
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| In September 2022, TZP realized its investment in Knix, a leading direct-to-consumer intimate apparel brand, in connection with the Company's sale to Essity AB |
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| In February 2022, TZP realized its investment in LAC Group, a provider of outsourced library, information, and knowledge management services, through the completion of the fourth and final business segment sale |
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FIRM & PORTFOLIO COMPANY RECOGNITIONS |
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TZP IMPACT AND ESG |
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In December 2022, TZP released
its 2nd Annual ESG & Impact Report |
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TZP PROMOTIONS |
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NEW OFFICE LOCATION |
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TZP moved offices to:
888 7th Avenue, 20th Floor, New York, NY 10106 |
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RETIREMENT |
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Sheera Michael, Chief Financial Officer, retired after 15
years at TZP. We appreciate all her years of hard work
and dedication! |
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NEW TZP TEAM MEMBERS |
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| This report does not constitute an offer to sell or a solicitation of an offer to buy limited partnership or comparable limited liability equity interests (the “Interests”) in TZP Funds. The information set forth herein does not purport to be complete, and nothing contained herein should be relied upon as a promise or representation as to past or future performance of TZP entities. In considering any performance data contained herein, one should bear in mind that past performance is not indicative of future results, and there can be no assurance that TZP Funds will achieve comparable results. Prospective investors should not expect the overall performance of TZP Funds to resemble the investment performance of any single investment.
TZP was named to Mergers & Acquisitions list of Private Equity Innovators in ESG for 2022, recognizing 10 entities it determined are leading the way with regards to ESG integration based on its evaluation of nominated firms’ written answers to questions about their ESG initiatives. TZP has not paid any compensation to Mergers & Acquisitions in connection with its receipt or use of the ratings included herein. More information can be found here: https://www.themiddlemarket.com/newsanalysis/ mergers-acquisitions-introduces-the-2021-pe-innovators-in-esg.
TZP was recognized on Inc. magazine’s annual list of founder-friendly firms in 2022. To compile the list, Inc. reviewed questionnaires and data filled out by founders about their experiences partnering with private equity firms. More information can be found at https://www.inc.com/magazine/202011/graham-winfrey/founder-friendly-private-equity-firms-2020.html. Four TZP portfolio companies (Force Management, Kindred Bravely, Saatva, Triangle Home Fashions) were named to the 2022 Inc. 5000 list, representing the fastest growing private companies in the United States. The Inc. 5000 list ranks companies by overall revenue growth over a three-year period. TZP has not paid any compensation to Inc. in connection with its receipt or use of the ratings included herein. TZP pays a licensing or related fee to participate and/or distribute the results. The award is based on objective criteria comprising of a summary of experiences partnering with private equity and venture capital firms and shared data on how portfolio companies have grown during these partnerships gathered through a questionnaire. The receipt of compensation could potentially cause a conflict of interest relating to any granted award or designation; however, TZP does not pay a direct fee for participation in the award received.
In 2023, TZP was named to the Middle Market (“Middle Market”) list of Top PE Firms in the Middle Market™, which is designed to acknowledge and promote small and mid-sized leading private equity firms in the middle market. More information can be found at www.toppefirms.com. TZP has not paid any compensation to Middle Market in connection with its receipt or use of the award included herein. TZP pays a licensing or related fee pertaining to the utilization of the Middle Market logo. The receipt of compensation could potentially cause a conflict of interest relating to any granted award or designation; however, TZP does not pay a direct fee for participation in the award received. The award is based on objective criteria pertaining to the merits of the firm’s nomination, which include but are not limited to the firm’s track record, reputation, leadership and third-party endorsement.
There can be no assurance that other providers or surveys would reach the same conclusions as the foregoing. The selection of such winners is inherently subjective and others might select other winners based on their assessment of the market. TZP makes no claim to adhere to any particular ESG framework and, given the wide range of ESG investing practices deployed by other asset managers, there is no assurance that TZP’s ESG initiatives require TZP to engage in any particular practice that other ESG policies may require. There can be no assurances that TZP will be able to implement its ESG initiatives, or that the ESG initiatives will be successful. |
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