05-08-2025
- Business
- Wall Street Journal
Prelude Growth Reaches $600 Million Upper Limit for Third Fund
Prelude Growth Partners, a private-equity firm started in 2017 by two specialists in the consumer sector, has raised its third fund to back fast-growing brands.
The vehicle, Prelude Growth Partners III, closed at its $600 million upper limit and was significantly oversubscribed, said Neda Daneshzadeh, the firm's managing partner and co-founder. The firm raised most of the money from its roster of limited partners in previous funds, which included endowments, foundations and pensions, while adding a small number of new investors, she said.
