Key Takeaways
- • Savory, a US restaurant-focused private equity manager, has raised $201.5m for its third fund, according to AltAssets.
- • More than a third of the fund's capital has already been deployed across four emerging restaurant businesses.
- • The close marks a continuation of Savory's strategy of backing restaurant companies, with the third fund exceeding the $200m threshold.
Summary
US restaurant-focused private equity manager Savory has raised $201.5m for its third fund, according to AltAssets. The publisher's summary states that more than a third of the capital has already been deployed across four emerging restaurant businesses.
The fundraise positions Savory's third vehicle as a continuation of its restaurant-sector strategy, targeting growth-stage and emerging restaurant companies. The early deployment pace, with over one-third of commitments invested, indicates active sourcing and execution within the fund's first investment period.
The available source is a partial excerpt, and the full article is behind a premium subscription wall. Additional details such as the fund's target size, investor composition, the names of the four portfolio companies, and the identity of the lead investors were not available in the reviewed text.
The fundraise positions Savory's third vehicle as a continuation of its restaurant-sector strategy, targeting growth-stage and emerging restaurant companies. The early deployment pace, with over one-third of commitments invested, indicates active sourcing and execution within the fund's first investment period.
The available source is a partial excerpt, and the full article is behind a premium subscription wall. Additional details such as the fund's target size, investor composition, the names of the four portfolio companies, and the identity of the lead investors were not available in the reviewed text.
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