Richard D. Gersten
Founder at True Beauty Capital LLC
Profile
Richard Gersten, the Founder of True Beauty Capital and formerly a Managing Director of North Castle from 1999 to 2007, rejoined the North Castle team in 2020 as a strategic partner focusing on investments in the beauty and personal care sectors.
Rich has over 26 years of experience in the private equity industry and has spent the last 6 years focused exclusively in beauty and personal care.
Prior to founding True Beauty, Rich was a Partner at Tengram Capital Partners, a member of its investment committee and served on the Board of Directors of their eight beauty investments, including This Works, Laura Geller Beauty, Deva Curl and NEST Fragrances.
True Beauty currently provides management advisory services to Tengram and Rich continues to serve on the boards of Cos Bar, Lime Crime, Algenist and ReVive Skincare.
Prior to joining Tengram, Rich was formerly a Partner at Catterton Partners.
He holds a BS from Union College and an MBA from the Wharton School at the University of Pennsylvania.
Richard D. Gersten active positions
Companies | Position | Start |
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North Castle Partners LLC
North Castle Partners LLC Investment ManagersFinance North Castle Partners LLC (North Castle Partners) is a private equity firm founded in 1997 by Chip Baird. The firm is headquartered in Greenwich, Connecticut. | Consultant / Advisor | 2020-03-31 |
Algenist LLC
Algenist LLC Wholesale DistributorsDistribution Services Algenist LLC operates as a nutrition and specialty ingredients company. It is a clinical skincare brand delivering anti-aging innovation from Microalgae, one of the oldest and nutrient-rich algae in the world. The company was founded in 2011 and is headquartered in San Francisco, CA. | Director/Board Member | 2016-07-31 |
True Beauty Capital LLC
True Beauty Capital LLC Investment ManagersFinance True Beauty Capital LLC (True Beauty Capital) is a venture capital firm founded in 2020 by Rich Gersten & Cristina Nuñez. The firm is headquartered in New York with an additional office in Miami, Florida. | Founder | 2020-02-29 |
Aquis Hairsciences, Inc.
Aquis Hairsciences, Inc. TextilesProcess Industries Aquis Hairsciences, Inc. manufactures and supplies towels. It also sales hair towels and turbans in online. The company was founded by Britta L. Cox in 1990 and is headquartered in San Francisco, CA. | Director/Board Member | 2020-09-30 |
Aramara Beauty LLC
Aramara Beauty LLC Drugstore ChainsRetail Trade Glow Recipe USA, Inc. retails Korean beauty products. It offers harsh-free, cruelty-free natural skincare products. The firm’s brands include blithe, blossom Jeju, common labs, cool enough studio, Dr Oracle, earth's recipe, glass skin (Yuripibu), glow recipe skincare, Goodal, Harumada and Jullai. The company was founded by Sarah Lee and Christine Chang in November 2014 and is headquartered in New York, NY. | Director/Board Member | 2021-08-31 |
Lime Crime, Inc.
Lime Crime, Inc. Household/Personal CareConsumer Non-Durables Lime Crime, Inc. engages in manufacturing and retailing of cosmetic products. It offers lips, eyes, hair, highlighter, makeup brushes, and nail products. The company was founded by Doe Deere in 2008 and is headquartered in Woodland Hills, CA. | Director/Board Member | 2017-10-31 |
RV Skincare LLC
RV Skincare LLC Household/Personal CareConsumer Non-Durables RV Skincare LLC distributes beauty products. Its products include moisturizers, eye treatments and fine lines & wrinkles. The company was founded by Gregory Brown in 1997 and is headquartered in New York, NY. | Director/Board Member | 2017-11-30 |
Cos Bar USA, Inc.
Cos Bar USA, Inc. Specialty StoresRetail Trade Cos Bar USA, Inc. operates as cosmetics and skin care boutique. The company was founded by Lily Garfield and Cos Bar Aspe and is headquartered in Los Angeles, CA. | Director/Board Member | 2015-11-30 |
K18, Inc.
K18, Inc. Household/Personal CareConsumer Non-Durables K18, Inc. is a biotech-powered brand that specializes in color-safe, non-stripping clarifying shampoo. K18 is based in San Francisco, CA. The company's products, such as the K18peptide™ shampoo, remove product buildup, sebum, and copper from the hair. The company is on a mission to revolutionize hair care and push the boundaries of what is possible. The company offers a range of innovative hair care products that repair damage, fight frizz, and provide long-term results. The company was founded in 2000 by Suveen Sahib, who has been the CEO since then. K18 was acquired by Unilever Plc. | Director/Board Member | 2020-09-30 |
Former positions of Richard D. Gersten
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Training of Richard D. Gersten
University of Pennsylvania | Masters Business Admin |
Union College (New York) | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Private companies | 21 |
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TCF National Bank (Investment Management)
TCF National Bank (Investment Management) Investment ManagersFinance TCF National Bank (Investment Management) (TCF-IM) is the investment management division of TCF National Bank, a banking company headquartered in Midland, Michigan. Formerly known as Chemical Bank, the firm is a subsidiary of TCF Financial Corp., which is owned by Huntington Bancshares, Inc. (NASDAQ: HBAN). TCF-IM manages portfolios for individuals and institutions. | Finance |
Deutsche Bank Investment Management, Inc.
Deutsche Bank Investment Management, Inc. Investment ManagersFinance Deutsche Bank Investment Management, Inc. is an investment advisor headquartered in New York City. The firm is a subsidiary of Deutsche Bank AG (NYSE: DB). | Finance |
SQBG, Inc.
SQBG, Inc. Wholesale DistributorsDistribution Services SQBG, Inc. engages in licensing and brand management of apparel and accessories. The company is headquartered in New York, NY. | Distribution Services |
Catterton Management Co. LLC
Catterton Management Co. LLC Investment ManagersFinance Catterton Management Co. LLC (L Catterton) is a private equity subsidiary of L Catterton Management Ltd. founded in 1989. The firm is headquartered in Greenwich, Connecticut. | Finance |
North Castle Partners LLC
North Castle Partners LLC Investment ManagersFinance North Castle Partners LLC (North Castle Partners) is a private equity firm founded in 1997 by Chip Baird. The firm is headquartered in Greenwich, Connecticut. | Finance |
NationsBanc Montgomery Securities LLC | Finance |
BT Capital Partners, Inc.
BT Capital Partners, Inc. Investment ManagersFinance BT Capital Partners, Inc. operates as a private equity investment arm of Bankers Trust Co. It is headquartered in New York, NY. | Finance |
Aquis Hairsciences, Inc.
Aquis Hairsciences, Inc. TextilesProcess Industries Aquis Hairsciences, Inc. manufactures and supplies towels. It also sales hair towels and turbans in online. The company was founded by Britta L. Cox in 1990 and is headquartered in San Francisco, CA. | Process Industries |
Tengram Capital Partners LLC
Tengram Capital Partners LLC Investment ManagersFinance Tengram Capital Partners LLC (Tengram Capital Partners) is a private equity firm founded in 2010 by William Sweedler and Matthew Eby. The firm is headquartered in Westport, Connecticut. | Finance |
Laura Geller Beauty LLC
Laura Geller Beauty LLC Household/Personal CareConsumer Non-Durables Laura Geller Beauty LLC develops color cosmetics. Its products include lipsticks, creams, liners, eye spackle hues, waterproof lip glosses and baked mono blushes. The company was founded by Laura Geller in 1993 and is headquartered in New York, NY. | Consumer Non-Durables |
Deva Concepts LLC
Deva Concepts LLC Specialty StoresRetail Trade Deva Concepts LLC engages in the provision of curly hair care products. It offers cleansers, conditioners, treatments, stylish, and tools. The company was founded by Lorraine Massey and Denis da Silva in 1994 and is headquartered in New York, NY. | Retail Trade |
Catterton Partners Corp. | Finance |
This Works Products Ltd.
This Works Products Ltd. Specialty StoresRetail Trade This Works Products Ltd. develops, markets, distributes and sells aroma therapeutic beauty products. It provides cleansers, daily moisturizers, body moisturizers, body oils, bath oils, bath and shower gels, bath soaks, exfoliators, candles, and gifts. The firm also provides anti-ageing, eye, lip, sleep, and travel products; and products for neck and bust, legs, feet, and hands. The firm offers its products online and through department stores, retailers, and online boutiques. The comapny was founded by Kathy Phillips in 2003 and is headquartered in London, the United Kingdom. | Retail Trade |
Algenist LLC
Algenist LLC Wholesale DistributorsDistribution Services Algenist LLC operates as a nutrition and specialty ingredients company. It is a clinical skincare brand delivering anti-aging innovation from Microalgae, one of the oldest and nutrient-rich algae in the world. The company was founded in 2011 and is headquartered in San Francisco, CA. | Distribution Services |
RV Skincare LLC
RV Skincare LLC Household/Personal CareConsumer Non-Durables RV Skincare LLC distributes beauty products. Its products include moisturizers, eye treatments and fine lines & wrinkles. The company was founded by Gregory Brown in 1997 and is headquartered in New York, NY. | Consumer Non-Durables |
Lime Crime, Inc.
Lime Crime, Inc. Household/Personal CareConsumer Non-Durables Lime Crime, Inc. engages in manufacturing and retailing of cosmetic products. It offers lips, eyes, hair, highlighter, makeup brushes, and nail products. The company was founded by Doe Deere in 2008 and is headquartered in Woodland Hills, CA. | Consumer Non-Durables |
Cos Bar USA, Inc.
Cos Bar USA, Inc. Specialty StoresRetail Trade Cos Bar USA, Inc. operates as cosmetics and skin care boutique. The company was founded by Lily Garfield and Cos Bar Aspe and is headquartered in Los Angeles, CA. | Retail Trade |
Aramara Beauty LLC
Aramara Beauty LLC Drugstore ChainsRetail Trade Glow Recipe USA, Inc. retails Korean beauty products. It offers harsh-free, cruelty-free natural skincare products. The firm’s brands include blithe, blossom Jeju, common labs, cool enough studio, Dr Oracle, earth's recipe, glass skin (Yuripibu), glow recipe skincare, Goodal, Harumada and Jullai. The company was founded by Sarah Lee and Christine Chang in November 2014 and is headquartered in New York, NY. | Retail Trade |
True Beauty Capital LLC
True Beauty Capital LLC Investment ManagersFinance True Beauty Capital LLC (True Beauty Capital) is a venture capital firm founded in 2020 by Rich Gersten & Cristina Nuñez. The firm is headquartered in New York with an additional office in Miami, Florida. | Finance |
K18, Inc.
K18, Inc. Household/Personal CareConsumer Non-Durables K18, Inc. is a biotech-powered brand that specializes in color-safe, non-stripping clarifying shampoo. K18 is based in San Francisco, CA. The company's products, such as the K18peptide™ shampoo, remove product buildup, sebum, and copper from the hair. The company is on a mission to revolutionize hair care and push the boundaries of what is possible. The company offers a range of innovative hair care products that repair damage, fight frizz, and provide long-term results. The company was founded in 2000 by Suveen Sahib, who has been the CEO since then. K18 was acquired by Unilever Plc. | Consumer Non-Durables |
NEST Fragrances LLC
NEST Fragrances LLC Household/Personal CareConsumer Non-Durables NEST Fragrances LLC designs and manufactures home fragrance and personal care products. It provides scented candles, diffusers, room sprays, soaps and lotions and other essentials for body, rooms and environments. The firm's clients include companies in the fashion, beauty, retail and home fragrance industries. The company was founded by Laura Slatkin in 2005 and is headquartered in New York, NY. | Consumer Non-Durables |
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