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Connecticut private equity firm Atlantic Street Capital has hired Jay Steinle from Lighthouse Investment as partner to build the firm’s investor relations function.
Steinle will take the lead for existing limited partner relations as well as developing new relationships, the firm said.
He previously spent six years as managing director for Lighthouse Investment, where he launched and expanded the firm’s separate account business.
Steinle also built a socially responsible hedge fund portfolio at the firm. He was formerly director of marketing for EACM Advisors, a division of BNY Mellon Asset Management.
Atlantic Street co-CEO Peter Shabecoff said, “We are delighted to have recruited Jay to join us as a partner to build this new function at ASC.
Atlantic Street Capital taps Steinle as partner
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Latest round seen fueling Zoe’s Kitchen conversions, Cava expansion and packaged goods growth
Cava Group this week said it has received $190 million in a Series F funding round, which the company plans to use to finance the ongoing conversion of Zoe’s Kitchen locations to Cava and to expand Cava into new markets, among other uses.
As previously reported, Cava has been converting Zoe’s, which the fast-casual Mediterranean operator acquired in 2018, to the Cava brand in suburban communities.
“With this round of fundraising, we continue on our mission of serving a brighter future for our guests, our communities and our team members,” Brett Schulman, CEO and co-founder of Cava, said in a statement. “The new infusion of capital will enable expansion of Cava’s footprint through our proven conversion strategy and accelerate investments in technology that enable greater access, drive meaningful scale in digital and off premises sales, and create an ecosystem of 1:1 eng
The company s value is almost $1.3 billion, according to reports.
Cava
This year, CAVA will convert more than 50 Zoës Kitchen restaurants into CAVA locations and enter several new markets.
CAVA Group, the parent of CAVA and Zoës Kitchen, announced Tuesday that it received a nearly $200 million investment to bolster restaurant expansion, grow consumer packaged goods, and elevate digital channels.
The company s Series F funding round of $190 million was led by T. Rowe Price Group, with participation from The Invus Group, Declaration Partners, Equilibra Partners Management, SWaN & Legend Venture Partners, Mousse Partners, Revolution Growth, and Lighthouse Investment Partners. The news comes after CAVA closed a $40 million funding round in December 2019.
Hamilton Lane to Acquire 361 Capital, Further Expanding its Presence in the Private Wealth Channel
BALA CYNWYD, Pa., Jan. 28, 2021 (GLOBE NEWSWIRE) Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announced plans to acquire the business of 361 Capital, LLC (“361 Capital”), a Denver-based boutique alternative asset management firm.
The acquisition aims to expand Hamilton Lane’s presence and capabilities in the U.S. private wealth channel. The 361 Capital team, led by Chairman and CEO Tom Florence and President Josh Vail, will remain in Denver, CO, growing Hamilton Lane’s footprint to 18 locations around the world.
The deal is the latest development in Hamilton Lane’s expansion into the private wealth universe, following the recent launch of the Hamilton Lane Private Asset Fund (“PAF”), a closed-end management investment company, available to qualified U.S. investors that offers a portfolio of private equity and private credit as
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