Report: Catterton raising new fund

Catterton Partners reportedly is putting together a new fund valued as high as $1.5 billion.

The Greenwich-based private equity firm invests in consumer products companies, with its portfolio currently including Outback Steakhouse, Restoration Hardware, and Baccarat, the renowned luxury crystal company in which Catterton invested last month.

Three sources told Private Equity Hub of Catterton”™s plans for a new fund, which would represent its first significant new capital raise since 2008.

The company”™s sixth fund, raised in 2006, has generated an investment rate of return of 8.6 percent, according to the most recent data from PSERS cited by Private Equity Hub.