Growth Equity
North Castle
North Castle takes minority stakes in growing companies, usually without full control, from United States. It states a focus on consumer & retail, food & beverage and media & communications.
Stated investment criteria
What North Castle says it buys
Read from North Castle’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by North Castle to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How North Castle is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $1.3bn |
| Employees | 13 |
| Private funds advised | 11 · $1.4bn gross |
| SEC adviser number | CRD 158213 |
Portfolio
Disclosed holdings
Companies North Castle lists on its own website. No investment years are published.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| Atkins | — | — | — |
| Avalon | — | — | — |
| Barry's | — | — | — |
| BlueRoot Health | — | — | — |
| Brooklyn Boulders | — | — | — |
| CR Fitness | — | — | — |
| CRC Health | — | — | — |
| Cascade | — | — | — |
| Contigo | — | — | — |
| Curves | — | — | — |
| DDF | — | — | — |
| Doctor’s Best | — | — | — |
| EAS | — | — | — |
| EWC Growth | — | — | — |
| Echelon Fitness | — | — | — |
| EncoreVet | — | — | — |
| Enzymatic Therapy | — | — | — |
| Equinox | — | — | — |
| Five Iron Golf | — | — | — |
| Flatout | — | — | — |
| Full Swing Golf | — | — | — |
| Genexa | — | — | — |
| Glow Recipe | — | — | — |
| Grand Expeditions | — | — | — |
| Ibex Outdoor Clothing | — | — | — |
| International Fitness | — | — | — |
| Jenny Craig | — | — | — |
| Kettlebell Kitchen | — | — | — |
| Leiner Health Products | — | — | — |
| Mack Weldon | — | — | — |
| Maya Kaimal | — | — | — |
| Mineral Fusion Natural Brands | — | — | — |
| Mynd Spa Salon | — | — | — |
| Naked Juice | — | — | — |
| Octane Fitness | — | — | — |
| Palladio Beauty | — | — | — |
| Performance Bicycle | — | — | — |
| ProSupps | — | — | — |
| SLT | — | — | — |
| SmartyPants | — | — | — |
| Sparx Hockey | — | — | — |
| Sprout Organic Foods | — | — | — |
| The Escape Game | — | — | — |
| Therabody | — | — | — |
| Turnbridge | — | — | — |
| VitaCup | — | — | — |
| Wellness | — | — | — |
| WellnessSpace Brands | — | — | — |
| Windham Mountain Resort | — | — | — |
| gloProfessional | — | — | — |
Compiled from North Castle’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Valuation context
Transaction values in Consumer & Retail
What companies have actually sold for in consumer & retail, across 837 recorded transactions.
The full consumer & retail picture - most active acquirers, recent transactions and every investor in the sector.
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Other growth equity investors active in consumer & retail.