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TSG Consumer Partners closes eighth middle-market buyout fund at $4 billion

TSG Consumer Partners closed its eighth middle-market buyout fund, TSG8, at $4 billion, according to a news release.

The fund will focus primarily on high-growth consumer companies through equity investments of between $200 million and $800 million.

The firm's previous fund, TSG7, closed in November 2015 with $2.5 billion.

Investors in the current fund include the $111.1 billion New York State Teachers' Retirement System, Albany; New Jersey Division of Investment, which handles investments for the $70.9 billion New Jersey Pension Fund, Trenton; $30 billion Texas County & District Retirement System, Austin; $29.8 billion Pennsylvania State Employees' Retirement System, Harrisburg; $10.2 billion Arizona Public Safety Personnel Retirement System, Phoenix; and $9 billion Sacramento County (Calif.) Employees' Retirement System.

A spokesman for TSG Consumer Partners could not be immediately reached for additional comment.