Enlightened Hospitality Investments ("EHI"), a strategic investment manager affiliated with Danny Meyer's Union Square Hospitality Group ("USHG"), today announced the close of its second fund, Enlightened Hospitality Investments II, LP ("Fund II"), with $332 million in capital commitments, above its $300 million fundraising target. Fund II received strong support and enthusiasm from EHI's existing base of Limited Partners. The fund also welcomed a group of new institutional partners, college endowments, strategic investors, and family offices.
"We are inspired by the resilience of the community of businesses in Fund I that have not simply endured the unprecedented challenges of the hospitality industry but have adapted and thrived. We consider it a privilege to build on this legacy and use Fund II to provide continued strategic growth equity for businesses built on a culture of hospitality to drive stakeholder success." said Danny Meyer, Co-Founder and Managing Partner of EHI and Chairman & CEO of USHG.
"We are enormously grateful for the continued support from our Fund I investors who are joining us in this second chapter as well as the fresh enthusiasm from new investors whom we are welcoming into the fold," said Mark Leavitt, Co-Founder and Managing Partner of EHI. "In addition to our role as a strategic growth partner with operational experience and unparalleled resources, we are especially proud of the unique ecosystem we have created among our community of companies and our strategic investor base. EHI's value extends far beyond our capital commitment and our network is much more than the sum of its parts."