NRD Capital Management (NRD), an Atlanta-based private equity firmhas closed NRD Partners II (NRDP II) with total investor limited partner commitments of USD104.5 million secured over the past four months, exceeding the fund’s target of USD100 million.
NRD focuses on companies specialising in franchised and multi-location business models. With NRDP II, the firm will continue its strategy of investing in brands that offer superior products/services and compelling unit economics, and maximising their potential through the franchise business model. As NRD looks to invest NRDP II, it will continue to invest in domestic and international restaurant concepts, as well as new and emerging verticals such as healthcare franchising, in order to take advantage of important future trends.
“We are extremely pleased at how quickly we were able to raise this fund as it is a testament to the confidence our limited partners have in our unique investment philosophy. We greatly appreciate the continued support from our Fund I investors – 95 per cent of whom have also invested in Fund II, many with significantly higher commitments,” says Aziz Hashim, Managing Partner of NRD. “We are also delighted to welcome a number of new investors to Fund II. In fact, interest has been so great that the fund is oversubscribed and has a waiting list of additional interested investors.”
NRD is currently investing out of NRD Partners I, a USD46 million fund raised in 2014. Overall, NRD has raised over USD150 million of equity capital commitments since its inception in 2014.
Hashim adds: “With our operating expertise, wide network of franchisees and partnership approach to interacting with our portfolio companies, we have the unique ability to enable accelerated, but responsible, growth for brands. We look forward to making collaborative equity investments to enhance our portfolio and create opportunities for entrepreneurs through franchising.”
