The LRG Capital Hospitality Group has launched the LRG Capital Hospitality Fund, formed to capitalize on opportunities created by the current economic crisis.
The LRG Capital Hospitality Group has launched the LRG Capital Hospitality Fund, formed to capitalize on opportunities created by the current economic crisis.
The fund will identify and invest in early stage restaurants, adding value by restructuring existing concepts and providing needed management assistance and capital to foster expansion and franchising.
The fund will focus on multi-unit food and/or restaurant businesses that have an existing growth track record and operators that are interested in value-added partners.
The LRG Capital Hospitality Fund is co-managed by LRG Capital executives and two prominent restaurant professionals.
Evan Kraus, executive vice president of LRG Capital Group and Lawrence Goldfarb, chief executive of LRG Capital Group, will partner with Shah Bahreyni, managing director of the LRG Capital Hospitality Group, and Aabi Shapoorian, both seasoned restaurateurs who have over 45 collective years of industry experience and have launched numerous restaurants and successfully turned others around.
"We are launching the LRG Capital Hospitality Fund in response to the demand from our clients to provide a vehicle for investing in the hospitality industry," says Goldfarb. "The current economic situation has presented great opportunities in the industry and Shah and Aabi’s extensive track record has proven that they can turn undervalued and/or underperforming restaurant concepts into successful businesses."
Bahreyni and Shapoorian have worked for private and publicly held restaurant companies such as the American Restaurant Group/Spectrum Foods division, Constellation Concepts, Kimpton Group and The Puccini Group.
