NRD Capital Closes Fund II

NRD Capital Management, LLC, an Atlanta-based private equity firm, has closed NRD Partners II L.P. with total investor limited partner commitments of $104 million.

NRD focuses on companies specializing in franchised and multi-location business models. With NRDP II, the firm will continue its strategy of investing in brands that offer superior products/services and compelling unit economics, and maximizing their potential through the franchise business model.

The firm will invest in domestic and international restaurant concepts, as well as new and emerging verticals such as healthcare franchising, to take advantage of important future trends.

• Companies that NRD has invested in include:
• Frisch’s Big Boy
• Fuzzy’s Taco Shop

NRD has acquired two multi-location franchise brands, generating $450 million in annual system revenues from 220 locations in 12 states.

Aziz Hashim, Managing Partner of NRD, stated: "We are extremely pleased at how quickly we were able to raise this fund as it is a testament to the confidence our limited partners have in our unique investment philosophy."

Hashim continued: "We are also delighted to welcome a number of new investors to Fund II. In fact, interest has been so great that the fund is oversubscribed and has a waiting list of additional interested investors."

NRD looks forward to making collaborative equity investments to enhance its portfolio and create opportunities for entrepreneurs through franchising.