Convene Hospitality Group (CHG) has secured $230 million in strategic growth capital, led by new lender TPG, with additional equity investment from existing shareholders, including Ares funds.
The financing will support global expansion across CHG’s multi-brand platform, with capital allocated toward new development, technology and production capabilities and selective acquisitions.
The company operates across corporate conferences, meetings and event venues, and has expanded its platform to include brands such as Convene’s etc.venues and NeueHouse, along with a portfolio of special event spaces.
CHG is one of the largest provider of dedicated meetings and event venues in the United States and the United Kingdom, and plans to use the funding to enter new markets, scale existing brands and pursue acquisitions.
The investment follows Ares’ initial backing of the company in 2022.
In New York, CHG expects to open a new Convene location in the Sch
