Brentwood Associates
Brentwood Associates
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Brentwood Associates

Brentwood Associates is a private equity firm in the US with groups focusing on leveraged buyout.

The firm, which is based in Los Angeles, was founded in 1972. Their most recent fund was a $1.15bn fund raised in 2017. The venture capital group raised over $900 million across nine funds, the earliest of which was formed in 1980 and the last of which was raised in 1998, prior to the spinout of the firm's venture business.

Brentwood was founded by Frederick Warren, Timothy M. Pennington III and B. Kipling Hagopian.

In 1999, the partners from Brentwood joined with partners from Institutional Venture Partners (IVP) and Crosspoint Ventures and created two separate industry-focused firms with the relevant firm making new investments in each of the respective industries:

In 1999, Redpoint raised a $600 million venture fund Ventures I, at the time the largest first-time fund for a new firm.

Since inception in 1972, Brentwood has invested in more than 50 companies across a wide array of industries. It has over $2 billion of assets under management and usually invests between $20 million and $200 million in each portfolio company. The firm's leveraged buyout practice has focused on acquiring more mature businesses, while its venture capital group has invested in earlier stage, startup companies.

The firm's leveraged buyout practice has completed more than 50 investments. Among the most notable companies in which Brentwood has invested include: Ariat, Oriental Trading Company, Bell Sports, Bell Automotive, Prince Sports, C.C. Filson, Graphic Controls Corporation, The Teaching Company, Stanley Works, and Zumiez.

In 2007, Brentwood Associates bought a controlling stake in Zoës Kitchen. In April 2014, Zoës Kitchen's IPO offering raised $87.5 million.

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