Private Equity Team
Ned is a Senior Advisor to the AG private equity team. Ned is the Founder and past Chairman, President and CEO of The Capital Grille & Bugaboo Creek Steak House chains, which he took public in 1994 (NASDAQ: RARE). Ned sold his chains to Longhorn Steaks, Inc. in 1996 and was a Director and former Vice Chairman of the combined companies, known as RARE Hospitality International, Inc. RARE was acquired by Darden Restaurants, Inc. (NYSE:DRI) in 2008. Ned formerly owned and founded Hemenway's Sea Food Grill and Oyster Bar in Providence, Rhode Island (named by Esquire Magazine as “One of America's best restaurants"); and The Old Grist Mill Tavern in Seekonk, Massachusetts. Ned has served as a Director of the National Restaurant Association in Washington and The National Restaurant Association's Educational Foundation in Chicago. He currently is a Director at Firebirds Wood Fired Grill, Benihana, Inc., Larkburger, Inc. and Shawmut Design and Construction. In addition, Ned is an Independent Trustee of Babson Capital Corporate Investors (NYSE:MCI) and Babson Capital Participation Investors (NYSE:MPV).