Fund II
DTC, Franchise & Corporate
Direct-to-consumer, franchise, and corporate channels platform.
Fund Size
$2.580B
Target Net IRR
13-18%
5-Yr MOIC
1.98x
Term
12-15yr
Strategy
Non-retail revenue channels that extend ChocoJava beyond the four walls of the cafe.
Fund II is deployed against the ChocoJava operating plan through disciplined underwriting, direct sourcing, and standardized build-outs. Capital is drawn as opportunities meet the fund’s underwriting standards.
Discipline
How we underwrite
Every investment is measured against unit-level cash-on-cash, cohort maturation curves, and platform-level margin discipline. Nothing is deployed without a documented operating standard already in place.
Focus Areas
What Fund II funds
Direct-to-consumerWhole-bean coffee, loose-leaf tea, chocolate, and subscription programs shipped nationwide.
Franchise licensingSelective franchising for pre-qualified operators in target metros.
Corporate accountsOffice coffee, tea, and gifting programs for enterprise customers.
Wholesale & hospitalityCoffee, tea, and chocolate supply to hotel, restaurant, and airline partners.
Fund Terms
Key terms
Structure
Delaware LP with parallel vehicles.
Waterfall
European (whole-fund) with clawback.
Preferred Return
8% compounded.
Term
12-15 years, with two 1-year GP extensions.
GP Commitment
2% of committed capital.
Minimum LP
$2,000,000.
Investor Relations