CFT Capital Management Completes Final Close of $781.2 Million for Second Co-Investment Fund, Anchored by Cherng Family Trust

– CFT Capital Management LLC announced the final close of its second co-investment fund, CFT Capital Partners Fund II, L.P. (“Fund II”).

– Fund II secured approximately $781.2 million in capital commitments.

– Anchored by the Cherng Family Trust, the family office of Andrew and Peggy Cherng, founders of Panda Restaurant Group.

– CFT Capital is based in Los Angeles. Focuses on providing flexible co-investment capital, creative structures, institutional underwriting, and strategic relationships.

– Partners with financial sponsors, institutional investors, family offices, and management teams.

– Invests in direct and proprietary transactions including growth equity, private equity, structured equity, and real estate.

– Led by Founding Partners Warren Woo and Carey D. Kim.

– Has been managing the Cherng Family Trust’s alternative assets since 2016.

– Manages over $3 billion in assets.

– Panda Restaurant Group, Inc.:
– Family-owned and operated since 1973.
– Global leader in Asian dining experiences.
– Parent company of Panda Express, Panda Inn, and Hibachi-San.
– Operates more than 2,600 locations with 53,000 associates in 11 countries.
– Co-founders and co-CEOs are Andrew and Peggy Cherng.
– Focuses on a people-first culture, associate development, and community engagement.