Weeks after filing for bankruptcy, Pat McGrath Labs secures a new investor looking for a reset after losing the vast majority of its valuation.WHO: Pat McGrath launched the Pat McGrath Labs makeup line in October 2015 with a limited-edition launch of 1,000 pieces of Gold 001, a $40 gold multipurpose pigment that sold out in six minutes. This initiated a series of product drops that McGrath orchestrated during the lead-up to the broader collection launch in September 2017, which was rolled out to Sephora stores.GDA Luma Capital Management, an entity affiliated with the Miami-based investor Gabriel de Alba, is a registered private equity firm specializing in distressed-for-control debt and special situations investments. GDA Luma collaborates with management at middle-market companies facing complex financial and operational challenges, providing the capital solutions, turnaround expertise, and digital transformation strategies necessary to execute business transformations, position the company for future success, and generate outsized risk-adjusted returnsWHY:The investment followed a Chapter 11 bankruptcy filing in a Miami, Florida, court on January 22 in order to restructure its debts while maintaining operations. The brand’s estimated liabilities are $50 million to $100 million, according to filings. The brand specified that its primary debt was a loan secured in April 2025 from GDA Luma.