Kramer Levin advised Alliance Consumer Growth (ACG), a leading consumer-retail focused private equity firm, in its 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, and KRAVE Jerky, which was later acquired by The Hershey Co.