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Bailey McCann, Opalesque New York: New York-based Bansk Group has closed its debut fund Bansk Fund I LP on $800 million. Following the close, Bansk now manages approximately $1.5 billion in assets, including co-investments.
Founded in 2019, Bansk is a New York-based private investment firm focused on investing in and building CPG brands. Bansk targets investments in four sectors: beauty & personal care, consumer health, food & beverage and household products. Bansk typically targets investments of $100-400 million of equity in profitable and growing businesses.
"The CPG space is an attractive area for investment throughout market cycles as the brands we invest in are typically non-discretionary staples that people buy on a recurring basis," said Brian O'Connor, senior partner and CIO at Bansk.
To date, the Fund has invested in four portfolio companies:
- Woodstream, the largest independent pest & animal control platform in North America
- Arcadia Consumer Healthcare, one of the fastest growing consumer health and wellness platforms
- The Bansk Haircare portfolio, which includes three brands: i) amika, a leading prestige haircare brand, ii) Eva NYC, a growing leader in masstige haircare, and iii) Ethique, a mission-driven beauty & personal care brand
- Red's All Natural, a rapidly growing brand of clean-label frozen burritos and breakfast sandwiches in the U.S.
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