CFT Capital Partners Fund II Reaches Major Milestone
CFT Capital Management LLC, or CFT Capital, has recently marked a significant milestone with the closing of its second co-investment fund, CFT Capital Partners Fund II, L.P. The fund has successfully secured approximately $781.2 million in capital commitments, showcasing increasing investor confidence in the firm’s strategic approach and management practices.
Investing in Innovation
The lead investor for Fund II is the Cherng Family Trust, which represents Andrew and Peggy Cherng, the visionary co-founders of Panda Restaurant Group, Inc. CFT Capital aims to be a value-added partner by delivering flexible co-investment capital and innovative financial solutions to support forward-thinking companies.
CFT Capital's Vision
Operating out of a city famed for its entrepreneurial energy, CFT Capital works closely with financial sponsors, institutional investors, family offices, and seasoned management teams. This collaborative approach fosters a strong alignment of interests, enabling them to invest in an array of asset types, ranging from growth equity and private equity to structured equity and real estate.
Leadership Guiding the Growth
CFT Capital is led by Founding Partners Warren Woo and Carey Kim. Both partners bring a wealth of experience in managing alternative assets, having overseen the Cherng Family Trust's investments since 2016. Thanks to their leadership, CFT Capital has increased its assets under management to over $3 billion, marking an impressive achievement in its development.
A Legacy of Excellence in Dining
The anchor investment from the Cherng Family Trust illustrates their dedication to not just financial success but also to nurturing thriving businesses. Founded in 1973, Panda Restaurant Group is a leader in the global Asian dining market, featuring well-known locations like Panda Express. Co-founders Andrew and Peggy Cherng are continuously expanding the brand, which operates over 2,600 locations and employs about 53,000 associates worldwide.
Commitment to Community and Culture
Panda Restaurant Group has established a strong reputation for its people-first culture, emphasizing the development of its associates while actively engaging with local communities. This core value is evident in all their endeavors as the company works to enhance the lives of both its employees and customers.
Looking to the Future
As CFT Capital forges ahead with its investment strategy, it is on the lookout for new and promising companies to support through creative funding methods. By offering solid financial backing and strategic guidance, CFT aims to empower entrepreneurs and management teams to achieve their business ambitions.
Frequently Asked Questions
What is the main investment focus of CFT Capital?
CFT Capital centers its efforts on delivering flexible co-investment capital across various asset types like growth equity and private equity.
Who founded Panda Restaurant Group?
Andrew and Peggy Cherng are the co-founders of Panda Restaurant Group, Inc., recognized for their innovative vision in the Asian dining sector.
How much capital did CFT Capital Partners Fund II raise?
Approximately $781.2 million in capital commitments has been raised for CFT Capital Partners Fund II.
What is the leadership background at CFT Capital?
The founding partners, Warren Woo and Carey Kim, have been managing alternative assets for the Cherng Family Trust since 2016, reflecting their extensive leadership experience.
How many Panda Restaurant locations are currently in operation?
Currently, there are over 2,600 Panda Restaurant locations operating globally, with about 53,000 associates employed across 11 countries.
