Oversubscribed Fund will Invest in High-Growth Consumer Brands
BOSTON, August 7, 2025 – Proskauer advised Prelude Growth Partners ("Prelude Growth"), a growth equity firm focused on partnering with high growth branded consumer product and service businesses, on the closing of its third fund, Prelude Growth Partners III, L.P. ("Fund III"). Fund III was significantly oversubscribed, closing in less than three months at its hard cap with $600 million in total commitments.
Fund III will continue to execute Prelude Growth's focused investment strategy, partnering with passionate and exceptional founders and management teams across advantaged consumer products and service categories.
The Proskauer team was led by partner Brian Schwartz and included associates Daniel Olshan and Taylor Huguely (Private Funds). It also included partner Scott Jones and associate Gaochuan Xie (Tax); and partner Adam Scoll (ERISA).