TCG

TCG (The Chernin Group) is a Los Angeles-based multi-stage investment firm with a strong focus on consumer businesses. Co-founded by media executive Peter Chernin, the firm distinguishes itself through a hands-on, operational approach, partnering with entrepreneurs to build and scale companies across various consumer-facing sectors. Their investment thesis centers on identifying businesses with compelling brands, engaged communities, and significant growth potential, particularly in areas like direct-to-consumer commerce, digital media, and enabling technology platforms.

TCG's strategy is characterized by its multi-stage flexibility, allowing them to invest from early-stage growth rounds through more mature private equity opportunities. While they maintain the agility to participate in various stages, their typical initial investment for a significant stake ranges from approximately $20 million to $75 million. This range reflects their preference for leading or co-leading substantial growth rounds where their operational expertise can be most impactful. The firm seeks to leverage its deep industry experience to help portfolio companies navigate market dynamics, optimize operations, and accelerate their expansion.

The firm has successfully raised significant capital, demonstrating investor confidence in its model. TCG closed its second fund, TCG II, with $700 million in 2021, following its inaugural fund, TCG I, which raised $400 million in 2018. This brings their total capital under management to over $1.1 billion. Their diverse portfolio includes well-known consumer brands such as Exploding Kittens, Headspace, Oura, and Lovevery, showcasing their ability to identify and support companies that resonate with modern consumers. TCG's long-term perspective and commitment to operational partnership underscore its role as a strategic capital provider in the consumer investment landscape.