Savory Fund

Profile

Savory Fund is a private equity firm based in Salt Lake City, Utah, specializing in the restaurant industry. Established to pair capital with emerging restaurant concepts, Savory Fund is led by co-founders Andrew K. Smith and Shauna K. Smith. The firm is distinct for its comprehensive operating platform, run by CEO Clay Dover, which supports brand development, financial management, and operational excellence. The team comprises 80 veterans in the food and beverage sector with diverse backgrounds, emphasizing their hands-on experience as operators themselves.

Savory Fund invests primarily in profitable, founder-led restaurant brands across segments including quick-service, fast-casual, and casual dining. The firm's investment size varies, aligning with its private equity focus, generally in the $10-50 m range. The fund's geographical focus is predominantly within North America, and its total assets under management include multiple funds, with the most recent being Savory Fund III at $201.5M. Savory Fund offers extensive operational support that distinguishes it in the private equity space.

Notable investments by Savory Fund include Swig - a fast-growing beverage brand known for its 'Dirty Soda,' Mo’ Bettahs - an authentic Hawaiian plate lunch restaurant, and other flourishing dining concepts like R&R BBQ, Pincho, and Via 313 Pizzeria. Their current expansion strategy includes growth and revenue opportunities, profitability enhancements, and new location development for each portfolio brand.