Savory Closes $201.5 Million Fund III for Restaurant Brand Growth
Savory, a private equity firm focused on restaurant brands, has closed its third fund at $201.5 million, exceeding the original target of $200 million. The fund is already 35 percent deployed across four emerging restaurant concepts and includes both returning limited partners and new financial institution investors. The company's strategy involves partnering with profitable, founder-led brands to scale through capital investment and operational support. Four portfolio companies are currently in the Fund III pipeline: South Block, Bonrue Bakery, Hawkers Asian Street Food, and Zao Asian Grill—each showing strong performance or unique market appeal. Savory aims to expand its existing 13-brand portfolio by adding eight to nine new concepts across various dining segments. Since launching in 2018, the firm has successfully scaled brands like Swig and Mo' Bettahs before selling majority stakes while retaining minority ownership. With four more investments planned, Savory is actively seeking additional founder-led restaurant partnerships for growth.
