Kramer Levin client Alliance Consumer Growth, a leading consumer-retail focused private equity firm, announced the first and final closing of Alliance Consumer Growth Fund III LP, with capital commitments totaling $210 million. The significantly oversubscribed fund will follow the same investment strategy as ACG’s two previous funds, focusing on fast-growing “rising star” brands. ACG has been an early investor in a number of fast-growing companies, including Shake Shack, which subsequently completed an IPO (NYSE: SHAK), and KRAVE Jerky, which was later acquired by The Hershey Company, among others. The Kramer Levin team advising ACG included Corporate partner Kevin P. Scanlan, special counsel Darina F. Delappe and associate Caroline A. Levin, Tax partner Barry Herzog and Employee Benefits partner Christine Lutgens.