Fundraising Fox

Topspin Partners

Private equity

Growth–Late Stage · 16 people tracked

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Investment thesis

Topspin focuses on lower middle-market branded consumer products and services businesses in the U.S., where its operational and brand-building expertise can drive significant growth. It targets companies with revenues below $200 million and EBITDA up to $25 million, deploying $10 million to $50 million in equity. The firm partners with founder-owners and management teams to help extend distribution channels, add new product lines, implement creative marketing and brand strategies, build operational infrastructure, and access capital as companies reach their next phase of growth.

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
Check
$10M – $50M
Instruments
Equity
Tracked investments
1

Team · 16 people

from the firm's website
Leigh Randall· Managing Partnerin

Co-founder of Topspin's private equity practice and head of the investment committee, joining in 2004 with over 25 years of PE and transactional experience and deep expertise in health, wellness, beauty and personal care. Formerly CFO of Stonewater Spas, EVP of Corporate Development at Small World Media, a McKinsey consultant and a Cravath attorney.

Josh Shaw· Operating Partnerin

Joined Topspin in 2018 after founding advisory firm Oceanus Advisors and consumer brands Mission Product Holdings and GoSMiLE. He has invested in and served on boards of several consumer companies and has a deep brick-and-mortar retail network.

Ojas Vahia· Partnerin

Joined Topspin in 2009 and is an investment committee member with nearly 20 years of PE and investment banking experience, specializing in e-commerce, health and wellness and specialty retail. Formerly at Merrill Lynch, Key Principal Partners and Salomon Smith Barney.

Stephen Parks· Partnerin

Joined Topspin in 2008 and is an investment committee member with over 20 years of investing and operating experience, covering specialty retail, health and wellness and juvenile products. Previously worked at Bain and Company and supported the leadership team at Spherion Corporation.

Venus Williams· Operating Partner

Joined Topspin in 2022 as an Operating Partner. A championship tennis player and entrepreneur, she founded design firm V Starr, activewear brand EleVen and plant-based protein company Happy Viking, bringing consumer brand and health/wellness experience.

Ekta Sharma· Principalin

Joined Topspin in 2021 with over 10 years of PE and investment banking experience. Previously an investment professional at Fireman Capital Partners and an analyst at Citigroup focused on consumer & retail.

Chris Elshaw

Board advisor with over 30 years of global business experience, currently Chairman of MAV Beauty Brands and Paula's Choice Skincare. Former EVP and COO of Revlon and a director of Topspin's former portfolio company JD Beauty.

Jason Wargon· VP of Financein

Joined Topspin in 2017 after working at PricewaterhouseCoopers' Alternative Investment Group providing valuation and financial reporting to PE clients, and previously at Loeb & Troper. He is a licensed CPA in New York.

Jeff Rosenzweig

Founder & CEO who built JD Beauty from the ground up to over $50 million in revenue and launched WetBrush in 2006. He has deep consumer products expertise focused on the professional beauty space and serves on several boards.

Joli Cooper

Board advisor with over 30 years of global business experience. Founding Executive Director of GreenLight Fund Atlanta and a founding member of CSW Private Equity Investments, with prior operating roles at Nestle, Tropicana, Seagram and Pasco Brands.

Leo Guthart· Senior Advisorin

Senior Advisor to the Fund. Formerly Vice Chairman of Pittway Corporation and CEO of its Security Group, later Chairman of Honeywell's Security and Fire Solutions Group, and Chairman of Cylink Corporation.

Macy Weir· Associatein

Joined Topspin in 2023 after working as an Investment Banking Senior Analyst in Citigroup's Consumer & Retail group and previously at Cain Brothers on the Healthcare M&A team.

Mark Pettie

Board advisor and CEO with experience in consumer-focused businesses. President of Blackthorne Associates and an independent director of several companies including Topspin's Bear Down Brands. Former Chairman and CEO of Prestige Brands.

Matt Michelson· Associatein

Joined Topspin in 2021 after working as an Investment Banking Analyst in the Consumer & Retail group at Rothschild & Co advising on mergers and acquisitions.

Nick Fazzari· Vice Presidentin

Joined Topspin in 2017 after working as an Investment Banking Analyst at RBC Capital Markets focused on consumer and retail M&A and strategic advisory.

Suha Surapaneni· Associatein

Joined Topspin in 2022 after working as an Investment Banking Analyst in the Consumer & Retail group at Citigroup focused on M&A and strategic advisory.

Investments · 1 tracked

founders shown can be your intro path
JD Beauty

Consumer beauty company known for the Wet Brush product.

Frequently asked questions

What stage does Topspin Partners invest at?
Topspin Partners invests at the Growth, Late Stage stages.
What is Topspin Partners's typical check size?
Topspin Partners typically writes checks of $10M – $50M.
What sectors does Topspin Partners focus on?
Topspin Partners focuses on Consumer, E-commerce, Retail Tech, Wellness & Fitness.

Media · Podcasts & interviews

featuring the team

Leigh Randall, Managing Partner Topspin Partners - YouTube

HALO Talks · Leigh Randall

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