The restaurant group has closed an oversubscribed fund that included commitments from external investors and will focus on companies in the hospitality sector.
US-based hospitality group Union Square Hospitality Group (USHG) closed an oversubscribed investment fund called Enlightened Hospitality Investments (EHI) yesterday with more than $200m in capital.
The growth-stage equity vehicle included commitments from USHG and third-party investors, though the identities of those backers and the specific sums they provided were not disclosed.
USHG operates a range of restaurants, cafés and bars, such as burger chain Shake Shack, together with a catering and events business and a consultancy arm.
EHI will primarily…
