Firm Sees Busiest Month in Its History, Reports Private Equity International

Firm News

Brentwood Associates has had the busiest month in the firm’s history, reports Private Equity International. The firm has sold three portfolio companies during the month of June: display advertising business Array Marketing, apparel and accessories company Filson and equestrian footwear and apparel manufacturer Ariat. Bill Barnum, partner at Brentwood, attributed the timing of the three exits to a combination of solid portfolio company performance and a “pretty robust” exit environment.


The exits could not come at a better time for Brentwood, whose fourth fund is roughly 80 percent invested, as limited partners want to see capital distributions from realizations before re-upping to an existing manager. “As much as we like the businesses, it was time to get the liquidity and give it back to our LPs,” Barnum said.