DENVER – April 5, 2018 With more than a 7% increase in domestic and international air travel in the last two years, Stage Fund, a private equity turnaround firm, announces its latest debt acquisition; Raden, a designer and manufacturer of technology enabled luggage. Raden’s technologically advanced platform offers and supports a brilliantly modernized means of traveling with built in chargers, integrated scales, proximity sensors and more. Stage Fund procured the senior debt of approximately 1 million dollars, and is fervent about restructuring the company to ensure its place as a lucrative part of the growing travel industry. Daniel Frydenlund, Chairman and CEO of Stage Fund states, “I am excited to be a part of yet another e-commerce play”. This is Stage Fund’s second e-commerce debt purchase in less than six months, with Lolly Wolly Doodle (LWD), a company offering customized women’s and children’s clothing and accessories, being the first. Sherry Frydenlund, Co-Founder and partner to Daniel Frydenlund, says she is “interested in the leveraging synergies between LWD and Raden luggage”. Stage Fund’s intentions and desideratum with the Raden team are to leverage a stronger financial alliance with Amazon, currently their primary seller, and to graduate from the early start up phase, entering a state of growth.
About Stage Fund
Stage Fund, founded in 2009 by Daniel Frydenlund, is a turnaround and growth private equity firm focused on acquiring controlling interests in companies undergoing change in capital structure, strategy, operations or growth, can benefit from our operational and capital approach and that have reached a point in their lifecycle presenting an opportunity for transformation. Stage Fund is headquartered in Denver, Colorado with offices in N.Y.C. http://www.thestagefund.com