Sycamore Closes $2.5B Fund, Nabs Coldwater Creek Brand
By Linda Chiem
Law360, New York (June 9, 2014, 12:27 PM EDT) -- New York private equity firm Sycamore Partners, which focuses on consumer and retail investments, said Monday that it closed its second fund with $2.5 billion in commitments, the same day it announced that it acquired the bankrupt Coldwater Creek Inc. women's clothing brand and its intellectual property.
The closing of its second fund, Sycamore Partners II LP, comes two years after the firm closed its first fund, Sycamore Partners LP, with $1 billion in limited partner commitments in 2012. Sycamore's aim is to make consumer and...