Growth Fund
Growth Fund
Growth equity into scaling operators and platforms.
Fund Size
$851.3M
Target Net IRR
13-18%
5-Yr MOIC
1.98x
Term
12-15yr
Strategy
Growth equity into scaling specialty food and beverage operators and platforms.
Growth Fund 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 Growth Fund funds
Growth equityMinority and structured investments in scaling operators.
Platform expansionCapital to accelerate multi-unit and multi-channel expansion plans.
Operator partnershipsPartnerships with proven management teams and brands.
Category focusConcentrated exposure to specialty food, beverage, and hospitality.
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