Global private equity giant L Catterton announced on May 28 that it has raised $11 billion in its latest fundraising round, including over $6.75 billion for its flagship buyout fund. L Catterton now manages around $37 billion in assets globally, making it the world’s largest consumer-focused private equity firm. In China, L Catterton has raised 2 billion RMB ($275 million) across two domestic funds and invested at least 300 million RMB ($41 million) in five local companies, including kids’ care brand Hi!papa and collagen producer Trautec.