Anthony Scotto III leaves BlackRock as Pelato grows to 300 employees

  • Anthony Scotto III left BlackRock to build Pelato with his family.
  • Pelato employs 300 people and expects to serve roughly 450,000 guests this year.
  • The company has committed to opening two more restaurants in 2027.

Anthony Scotto III left a real-estate private-equity career at BlackRock to help his family build Pelato, a Brooklyn-style Italian restaurant business that has expanded from one Nashville location into a three-city operation employing 300 people. The company expects to serve roughly 450,000 guests this year, forecasts another 10% revenue increase, and has committed to opening two more restaurants in 2027. Scotto spends about 95% of his time in the restaurants, applying his finance background to property selection, leases and financial modeling while personally training hosts. Pelato reached break-even in its third month and its three locations have not recorded an unprofitable month since stabilizing, according to company figures provided to Fortune.

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