2025 year
in review

A year of building iconic brands and enduring enterprises

In 2025, L Catterton delivered another year of robust productivity. Against a volatile backdrop shaped by geopolitical, economic, and tariff uncertainty, we leveraged our distinctive position as the only consumer-focused private equity firm with a fully integrated global platform. Across our nine distinct fund platforms, we invested in compelling new brands and opportunistically realized capital—all while continuing to build and grow our global portfolio. This year of accomplishments would not have been possible without the collaboration and dedication of our portfolio companies, investors, networks, and colleagues.

Thorne

L Catterton at a Glance

~$40B ~$40B

Assets Under Management1

1989 1989

Founding Year

300+ 300+

Investments Since Inception

150+ 150+

Global Exits Since Inception

~200 ~200

Investment & Operating
Professionals

18 18

Global Offices

Polène

Kodiak

9 Fund Platforms

Flagship Buyout

Middle Market

Growth

Latin America

Asia

Europe

Private Credit

Real Estate

Targeted Offerings

Our Focus

This “Why Consumer” video is for illustrative purposes only.2

2025 Investment Highlights

27 27

New Investments3

$3.0B $3.0B

Capital Deployed3,4

2025 Exit Highlights

22 22

Realizations3,5

$3.4B $3.4B

Gross Realizations3

PatientPoint

Despegar

Boll & Branch

Solidcore

Ama Waterways

Thorne

Oddity

Ciflavors

Birkenstock

Portfolio Performance

12% 12%

Year-over-Year Portfolio Revenue Growth6

20% 20%

Year-over-Year Portfolio Adjusted EBITDA Growth6

$59B $59B

Global Portfolio Aggregate Revenue6

$12B $12B

Global Portfolio Aggregate EBITDA6

Team Update

400+ 400+

Global Colleagues

>50 >50

New Hires in 2025

>25 >25

Investment New Hires in 2025

50% 50%

Of All New Hires in 2025 Were Female

Drools

Solidcore

>25 >25

Investment New Hires in 2025

50% 50%

Of All New Hires in 2025 Were Female

Select Awards and Recognitions

Awarded “Global Consumer Private Equity Firm of the Year”7

Awarded “Global Consumer-Focused Private Equity Firm of the Year”8

Named a “Great Place To Work® for the sixth time9

Named a “2025 Top 50 PE Firm in the Middle Market”10

Looking Ahead to 2026

While 2025 marked another storied year for L Catterton, we are equally excited about the year ahead. With the continued evolution of our existing platforms and expansion into adjacent, high-conviction strategies, our Firm is well positioned to capitalize on long-term global consumer trends. As always, we remain focused on doing what we do best: building iconic and enduring consumer brands worldwide. We look forward to partnering with you and shaping the year ahead, together.

Footnotes

All figures are as of December 31, 2025, unless otherwise stated. All currencies have been converted into USD using 12/31/2025 OANDA exchange rates. Investments referenced in this report are for illustrative purposes only. A complete list of L Catterton’s investments is available at www.lcatterton.com.

  1. Assets Under Management includes separately managed accounts.
  2. Sources include World Bank and IMF World Economic Output for consumer industry composition of global GDP, and FRED and BEA for nominal consumer spending trends, which are U.S. only. This material is for educational and informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security of any fund or any other investment vehicle or product sponsored/co-sponsored, or managed/co-managed, by L Catterton or any of its affiliates (collectively, “L Catterton”). While the information provided herein is believed to be accurate and reliable, no representation, warranty or undertaking, expressed or implied, is or will be made and no responsibility or liability is or will be accepted by L Catterton or its directors, officers, employees, agents, partners, affiliates or advisors as to, or in relation to, the accuracy or completeness of the information contained in this material or any other information, errors therein or omissions therefrom.  All videos, images, and other media contained within the material are also copyrighted works and may be owned by a party other than L Catterton, which L Catterton has not verified. Neither L Catterton nor its directors, officers, employees, agents, partners, affiliates or advisors undertake to update or otherwise revise or correct any inaccuracies which become apparent in this recording or any other information supplied. The recipient is responsible for satisfying itself as to the accuracy and completeness of all information contained herein. Nothing contained in this recording may be relied upon as a guarantee, promise or forecast or a representation as to the future. This recording is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from L Catterton. It is delivered on an “as is” basis without warranty or liability. By accepting this information, you agree to abide by all applicable copyright and other laws, as well as any additional copyright notices or restrictions contained in the information. Copyright © L Catterton 2025. All rights reserved.
  3. Capital activity figures include deals that were signed but not yet closed as of January 13th, 2026.
  4. Capital deployed includes follow-ons and co-investments.
  5. Realization count includes dividends and recaps; excludes write-offs. For featured realization events, full exits include Despegar and PatientPoint. Partial realizations include Boll & Branch, Solidcore, AmaWaterways, and CiFlavors, and share sales include ODDITY and Birkenstock.
  6. Operating metrics based on latest available company financials as of February 17th, 2026. Excludes credit and real estate investments.
  7. This award was created and conducted by M&A Atlas and includes information on deals closed from March 31, 2024, to April 30, 2025. No fee was required to be considered for this award.
  8. This award was created and conducted by The M&A Advisor and includes information on deals closed from April 1, 2024, to March 31, 2025. A submission fee was required to be considered for this award.
  9. This certification was created and conducted by Great Place to Work in Q1 of 2025.
  10. This award was created and conducted by Grady Campbell Incorporated and includes information from 2024. A fee was required to be considered for this event.