TSG Consumer Partners LP

Key Holdings

The sole holding in the portfolio is Dutch Bros Inc. (BROS), a consumer cyclical stock operating in the food and beverage sector. TSG Consumer Partners holds 2.28 million shares of BROS, valued at $119.33 million. As this position constitutes 100% of the portfolio, the firm's performance is inextricably linked to the success and stock price movements of this single company. Given TSG Consumer Partners' reputation as a growth equity investor focused on consumer brands, this position likely represents a significant continued investment in a company the firm may have helped incubate or grow during its private stages. The size of the stake—over 2 million shares—indicates a major ownership interest, suggesting the firm maintains significant influence or a long-term conviction in the company's fundamental value despite recent market volatility.