Chartwell Investments II LLC announced today that it has made an equity investment in RCR Enterprises, LLC, the elite NASCAR racing team founded and majority-owned by Richard Childress. “We are pleased to partner with Chartwell Investments,” said Richard Childress, President and CEO of RCR. “I’ve had investors in RCR since the late 1990’s and I am confident that Chartwell’s people and capital will help us to continue to build one of NASCAR’s top organizations. I’ve made a long-term commitment to Chartwell and there will be no changes in how RCR is run.” “NASCAR is the fastest-growing major sport with over 75 million fans nationwide and we are enthusiastic about partnering with Richard Childress, a legendary figure in the NASCAR racing world,” said Todd R. Berman, President and Founder of Chartwell Investments. “We hope our participation will give Richard even more time to focus on winning races and supporting the company’s sponsors.”( PRN Newswire )(4-3-2003)
