L Catterton quietly builds a serious travel portfolio
L Catterton has been putting money into travel for a while without the noise that usually surrounds big deals. The LVMH-linked fund runs a consumer investment machine of around $40 billion and has been placing capital in businesses that capture how people spend their free time and discretionary income, according to Skift.
The LVMH connection gets the headlines, but the real story is different. What stands out is that a pure consumer investor, used to brands and retail, sees travel as a place where discretionary spend holds up and where there is still room to build a position without competing against the funds that show up in every round.
My read: this opens the door to more patient, less opportunistic capital in travel-tech, hotels and distribution. If a fund that understands brands and consumer behaviour stays in travel, the bar for product and experience rises for everyone. I see a clear opening here for projects with their own brand and a proven business model, not for half-baked ideas.
Quick questions
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