Terms of the investment were not disclosed. The new North Castle Partners managed fund includes additional capital to support CR Fitness' organic growth initiatives and expansion strategy. The transaction was also supported by a consortium of institutional investors that included Montana Capital Partners as a co-lead investor, and North Castle Partners' reinvesting LPs and GPs, among others. and European GP-led secondaries strategy. The transaction was led by TPG GP Solutions, TPG's dedicated U.S. The new continuation fund acquired CR Fitness from North Castle Partners VII, LP ("NCP VII") and other existing investors. This transaction continues North Castle's ownership of the company and reaffirms its commitment to supporting CR Fitness' long-term growth strategy. GREENWICH, Conn – Octo– North Castle Partners, a leading private equity firm that has focused on consumer businesses that promote Healthy, Active and Sustainable Living for more than 20 years, announced today the closing of a single-asset continuation fund transaction dedicated to CR Fitness, a leading Crunch Fitness franchisee.
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