# Savory Fund

Savory Fund is an Asset Manager based in Lehi, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lehi, United States
- **Region:** North America
- **Address:** Lehi, UT, United States
- **Assets under management:** Over $750M in assets (per firm website)
- **Website:** savoryfund.com
- **LinkedIn:** https://www.linkedin.com/company/savoryfund

## Regulatory record

- **Reports private funds:** No

## About

Savory Fund is a people- and founder-focused investor in food and beverage operators and brands. The firm describes itself as operators at its core and invests in operators before brands, properties, and growth. It partners with restaurant concepts across the industry and supports them with infrastructure, real estate, recruiting, and other platform capabilities.

## Sectors

- Restaurants & Food Service
- Consumer
- Restaurant Technology

## People

- Andrew K. Smith — Managing Director & Co-founder
- Shauna Smith — Managing Director & Co-founder
- Clay Dover — CEO
- Tyler Nelson — President

## Questions

### Who runs investment decisions at Savory Fund?

Andrew K. Smith, Shauna Smith, and the investment team — including Director Taylor DeHart, Principal Matt Durham, and Principal Rob Gardner — evaluate and execute deals. The firm's website states that its investment team is laser-focused on portfolio profitability, portability, and partnership alignment.

### How does Savory Fund source proprietary deal flow?

Savory leverages founder relationships, its operational track record, and market scouting by a team with deep restaurant-industry networks. Its principals have collectively overseen 530+ restaurants across 27 states, which creates connectivity in the emerging-brand ecosystem. The firm also runs a dedicated investor and public relations function to amplify brand awareness and attract inbound opportunities from founders.

### Does Savory Fund participate in fund commitments or only direct deals?

Savory executes direct, control-oriented equity investments in consumer-facing restaurant brands. The firm does not appear to commit to third-party funds or run a fund-of-funds program — capital is deployed directly into operating companies where it can embed its in-house management platform.

### How is Savory Fund related to Four Foods Group?

Four Foods Group was the restaurant investment and management company founded by the Smiths. Savory Fund effectively institutionalized that earlier operating platform — many of Savory's senior leaders, including President Tyler Nelson, previously held roles at Four Foods Group, which generated over $140M in revenue before the transition.

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Last updated: 2026-08-11T15:08:04.536Z

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