Sycamore Closes $2.5B Fund, Nabs Coldwater Creek Brand

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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.