Silas Capital Announces Successful Closure of $150 Million Consumer Growth Fund
Silas Capital, a leading equity and venture capital firm specializing in next-generation consumer brands, has announced the successful closure of its latest consumer growth fund, Silas Capital Partners II. The fund has reached its $150 million hard cap and attracted significant support from renowned institutional investors, including endowments, insurance companies, global asset managers, family offices, and multinational consumer packaged goods (CPG) companies.
Partner Carter Weiss expressed gratitude for the trust and support of their investor base, highlighting that the majority of their long-term Limited Partners (LPs) have recommitted, along with a substantial number of new investors.
Silas Capital’s Investment Strategy with Fund II
Silas Capital’s investment strategy with Fund II will continue to focus on high-growth consumer brands, typically profitable and with revenues ranging from $5 million to $50+ million. The firm occupies a unique position between venture capital and private equity in the emerging growth segment, which has been identified as an underserved market in the consumer space.
Partner Brian Thorne emphasized the diverse backgrounds of the Silas Capital team, with expertise in e-commerce, wholesale, and retail. The team remains focused on identifying brands with distinctive propositions, authentic founder stories, and advantages that facilitate efficient customer acquisition through an omni-channel distribution strategy.
Silas Capital’s Portfolio and Expertise
Silas Capital’s portfolio encompasses companies across various sectors, including beauty, personal care, wellness, apparel, home, and food & beverage. The firm prides itself on its deep consumer expertise and successful track record of investment, capitalizing on shifting consumer behaviors such as the convergence of e-commerce with physical retail, the growth of health and wellness, and the rise of conscious consumption.
Legal counsel for the Fund is provided by Morrison Cohen. Silas Capital was established in 2012 by founders and principal investors with a successful background in e-commerce, wholesale, and retail. The firm specializes in partnering with capital-efficient growth-stage consumer businesses on a clear path to profitability. In addition, Silas invests in seed and early-stage brands through its early-stage venture platform, Silas Ventures.
Analyst comment
Positive news: Silas Capital has successfully closed its consumer growth fund, Silas Capital Partners II, reaching its $150 million hard cap and attracting support from institutional investors. The firm’s investment strategy will continue to focus on high-growth consumer brands. With a successful track record and expertise in the consumer space, Silas Capital is well-positioned for growth in the market.
