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.