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Goode Partners closes $225m fund29/08/2007. Source: AltAssets. 
 New York-based private equity firm Goode Partners has closed its first fund, Goode Consumer Fund I, on $225m, surpassing an initial hard cap of $200m, the firm told AltAssets.
The increase went ahead when core investors expressed an appetite for additional investment, says principal Joe Ferreira. 'They saw potential for further investment, so the hard cap was increased,' he said.
The firm was established in June 2005 by co-founders David Oddi, Ron Beegle and Joe Ferreira, and began raising the Goode Consumer Fund I shortly after, in March 2006.
Prior to closing, the fund had already made four investments. These include speciality retailer Intermix, restaurant chain Chuy's Holdings, home decor retailer Rachel Ashwell Designs and eyewear retailer Luxury Optical Holdings. The fund is currently on the lookout for deals requiring $10m to $30m of equity capital.
Oddi was previously a partner at private equity firm Saunders Karp & Megrue; Beegle was chairman of consulting firm Global Consumer Retail Investors; while Ferreira was president and CEO of consulting firm Woodclyffe Group and was COO of cosmetics company Avon.
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