Grace is branching out from his existing $20 million technology fund. The company is bringing Mark Peterson on board as a partner in the new Grace Restaurant Partners LP fund. Peterson is a former Applebee's International vice president/controller and chief accounting officer.
Also arriving as a fulltime associate is Axel Stephan, a former investment banker with Deutsche Banc Alex.Brown.
Grace couldn't be reached at GlobeSt.com's publication deadline. But in a prepared statement, the former Providence, RI restaurateur says the new fund's strategy will be to invest in young chain restaurant companies which show early growth potential.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
