A new private equity firm, Equity38, LLC, has been launched by David Cox, formerly a Managing Director at Source Capital and a Principal at Summit Park and Dogwood Equity, and Brent Leffel, formerly CEO of UFC GYM, President of New Evolution Ventures and a Managing Director at Angelo, Gordon & Co.
Equity38 will invest between $5 million and $20 million in control or control oriented growth, buyout and recapitalizations of consumer-facing health, wellness, active lifestyle and outdoor companies. The firm held a first closing of $40 million for its inaugural investment vehicle, Equity38 Investment Platform I, which is targeting $80 million in commitments. In conjunction with this closing, Equity38 made its first platform investment, a growth buyout in a West Coast based multi-unit superfood café concept – Beaming Wellness, LLC.
Other members of the firm’s team include Marty Mooney, Michelle Maciel and Sarah Williams.
Equity 38 has offices in Atlanta, GA and Newport Beach, CA. (www.equity38.com).