Perella backs plus-sized women's retailerFebruary 13, 2013: 2:10 PM ET
Fashion To Figure raises $18 million from Perella Weinberg Partners.
FORTUNE -- Plus-sized women's apparel retailer Fashion To Figure has quietly raised $18.2 million in private equity funding, as first disclosed in an SEC filing.
Perella Weinberg Partners led the deal, out of its new growth equity investing practice. Chip Baird and David Ferguson, both of whom joined PWP last year from private equity firm Weston Presidio, have joined the Fashion To Figure board of directors.
Fashion To Figure was formed in 2002 by Michael and Nicholas Kaplan, great-grandsons of Lena Bryant (their father Steven used to run Lane Bryant). It mostly operates online, but also has a a dozen physical locations.
"We would not have done an institutional round if we didn't have an existing relationship with some of the people at Perella," explains CEO Michael Kaplan. "But they have experience building other growth companies in retail, and also understand us personally and our vision."
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