Investment Group Mercato Closes $90M Restaurant Fund

Law360 (June 4, 2020, 4:00 PM EDT) -- Mercato Partners said Thursday it closed its $90 million food and beverage-focused fund, which is meant to help invest in and grow restaurant chains and may further its work in the Utah area.

Salt Lake City area-based Mercato said it was closing its Savory Fund and would use the proceeds to continue investing in what it believes are promising restaurant concepts by providing capital and expertise in areas such as location selection, leadership training and marketing.

"The restaurant industry carries an undeserved reputation among certain investors for business risk and razor-thin margins, giving rise to market inefficiency and opportunity," Greg Warnock,...

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