CHARLOTTE, N.C.--(BUSINESS WIRE)--CapitalSouth SBIC Fund IV, L.P. announced today that it recently invested $7.8 million in the senior secured debt of Hale & Hearty Holdings, LLC.

Headquartered in New York, Hale & Hearty is a leading fast-casual, soup-focused restaurant concept that brings hearty, high quality, made from scratch comfort food to busy people. Hale & Hearty was started in a small kitchen in New York City at 64th and Lexington Ave., and soon after, grew to add Chelsea Market to their locations. The Company currently has 34 locations across New York and Boston.

CapitalSouth Growth Fund’s investment will help the Company’s next phase of growth.

About CapitalSouth Growth Fund:

CapitalSouth Growth Fund and its CapitalSouth Partners predecessors were founded as early as 1998 to provide financial solutions to lower middle-market companies. The CapitalSouth Growth Fund invests in mature companies, making debt and equity investments typically between $2 million and $10 million and invests in a variety of industries throughout the United States. To learn more about CapitalSouth Growth Fund, please visit www.CapitalSouthPartners.com.

About Capitala Group:

Capitala Group is a leading provider of capital to lower and traditional middle-market companies, through its family of credit focused funds. Since 1998, Capitala Group's managed funds have participated in over 125 transactions, representing over $1 billion of investments in a variety of industries throughout North America. Capitala Group manages both public capital (Capitala Finance Corp. (Nasdaq:CPTA)) and private capital (including but not limited to the CapitalSouth Growth Fund) for its investors and seeks to partner with strong management teams to create value and serve as long term partners. For more information, visit www.CapitalaGroup.com.