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Prelude Growth Partners Closes $600 Million Third Fund

Published August 5, 2025
Published August 5, 2025
Planet Volumes via Unsplash

Prelude Growth Partners, the growth equity firm focused on partnering with high-growth branded consumer product and service businesses, announced the final close of its third fund. The company was founded in 2017 by Alicia Sontag and Neda Daneshzadeh, building an impressive track record in a relatively short period and establishing themselves as investors of choice for branded consumer product and service businesses.Fund III was significantly oversubscribed, closing in less than three months at its hard cap with $600 million in total commitments, receiving strong support from a broad base of prestigious institutional investors, including endowments, charitable foundations, public pension funds, global financial institutions, and family offices. Prelude Growth now manages $1.3 billion in assets.Neda Daneshzadeh, Managing Partner and co-founder of Prelude Growth, said, "We are thrilled to have closed Fund III with tremendous support from both existing and select new limited partners who helped us complete a significantly oversubscribed fundraise in just two and a half months. This is a testament to how much the limited partner community values a disciplined approach."Since Prelude Growth's inception, the firm has been providing deep strategic and value-added operational support to scale their partner brands faster. Beauty and Wellness Investments2020 dpHUE2020 So Good So You2019 Westman Atelier2022 Blueland2023 Skin Pharm2024 Tower 28The Exits2019 investment 8Greens – 2025 exit to Grove Collaborative2021 investment PHLUR – 2025 exit to TSG Consumer2019 investment Summer Fridays – 2024 exit to TSG Consumer2019 investment Sol de Janeiro – 2021 exit to...

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