54. L Catterton Managing Partners Michael Farello & Jon Owsley

Today, I’m joined by L Catterton Managing Partners Michael
Farello & Jon Owsley.


 


In addition to investments in consumer brands across almost every
category, L Catterton has been heavily involved in the fitness
space investing in Equinox, ClassPass, Peloton, Tonal, and many
others. 


 


In this episode, we take a deep dive into the future of fitness,
including COVID’s impact on gyms and studios, the growth of
connected fitness, and the potential for tech companies like
Apple and Amazon to get involved. 


 


More on today’s guests 


 


Michael Farello 


 


Michael is a Managing Partner of L Catterton’s growth fund,
focusing on all aspects of the fund’s investment strategy and
portfolio management.  Over the course of his career, he has
served on the Boards of more than 30 companies, with a particular
focus on health and wellness, technology and direct-to-consumer
businesses.  In this capacity, he has focused on the
companies’ growth strategies, acquisitions and marketing and has
extensive experience on both compensation and audit
committees.  He has served on the Boards of Vroom (NASDAQ:
VRM), HomeChef (acquired by Kroger), Better.com, 98point6,
ClassPass, Hydrow, Humann, and Pinarello among
others.  


 


Michael has worked in the consumer sector since the late-80s as a
consultant, senior executive, and investor. Prior to joining
Catterton, he held several executive positions at Dell where he
led the company's consumer marketing and ecommerce business
following a strategic role in the Office of the Chairman.
Previously, Michael spent 12 years at McKinsey & Company,
most recently as a Partner focusing on the consumer sector.


 


Mr. Farello earned an M.B.A. with distinction from the Harvard
Business School and a B.S. with distinction in industrial
engineering from Stanford University.


 


Jon Owsley 


 


Jon is a Managing Partner of the L Catterton Growth Fund. 
Prior to joining L Catterton, he was a consultant at The
Parthenon Group, a strategy consulting firm based in
Boston.  Prior to joining The Parthenon Group, Jon was a
corporate attorney at Hale and Dorr (now Wilmer Hale) in
Boston.  Prior to Hale and Dorr, he was the Assistant Brew
Master at Otter Creek Brewing and was a college lacrosse
coach.  Jon received a B.A, magna cum laude, from Middlebury
College and a JD, with honors, from Cornell Law School.  Jon
lives in Connecticut with his wife and three teenage daughters.






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Fitt Insider is a weekly newsletter and podcast about the
business of fitness and wellness. 


 


From product launches and funding news to game-changing
innovation, Fitt Insider provides listeners with insights and
analysis on this ever-evolving industry. 


 


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