CapitalSpring Achieves Significant Fundraising Success
Celebrating its 20th anniversary, CapitalSpring, a renowned sector-specialist investment firm, recently announced a major achievement. The firm has successfully closed over $505 million in commitments for its seventh flagship investment fund within just two months of its launch. This fund aims for a substantial $1 billion in total commitments and has attracted considerable early support from a variety of existing limited partners.
Strong Support from Investors
The impressive early fundraising reflects the firm’s solid reputation among its investors, including state and municipal pension plans, endowments, foundations, and family offices. Richard Fitzgerald, Co-Founder and Managing Partner, expressed gratitude for the trust shown by these investors. He noted that the majority of current commitments have come from existing limited partners, many of whom have increased their investment levels over prior funds.
CapitalSpring's Milestone Exit
This fundraising momentum coincides with CapitalSpring's most significant achievement to date: the sale of Sizzling Platter to Bain Capital. This exit not only marks a financial milestone but also signifies a pivotal moment for the firm as it celebrates its two decades in the industry. Fitzgerald emphasized that this year has been transformational for CapitalSpring, highlighting their 300th investment and surpassing $4 billion invested across numerous franchise systems.
Success of Sizzling Platter
CapitalSpring's relationship with Sizzling Platter began in 2019, when the company had 424 locations across five brands. Thanks to CapitalSpring's strategic involvement, Sizzling Platter expanded to over 800 locations and entered 15 new markets, ultimately becoming the sixth-largest restaurant franchisee in the country, with an impressive annual revenue exceeding $1 billion.
Looking to the Future with Fund VII
Fund VII is poised to capitalize on opportunities within the foodservice and franchising sectors, leveraging the firm’s extensive experience and established relationships built over two decades. CapitalSpring's goal is to remain a value-added partner by providing more than just capital; they offer strategic and operational resources to help strong operators grow and thrive.
About CapitalSpring
CapitalSpring is a specialized private equity and debt investment firm that has built a notable 20-year track record in investing in franchises and multi-location businesses that cater to everyday consumer needs. With over $4 billion invested in more than 300 transactions across 100+ different brands, the firm has developed significant competitive advantages. These include deep sector knowledge, proprietary data analytics, and a dedicated operations team that drives a consistent flow of unique investment opportunities.
Headquartered in Nashville, CapitalSpring also maintains regional offices in Los Angeles, New York, and Atlanta. The firm manages various fund vehicles designed for private debt and equity strategies, primarily focused on the lower middle market and middle market sectors.
Frequently Asked Questions
What is the main focus of CapitalSpring?
CapitalSpring focuses on investing in franchises and multi-location businesses, primarily in the foodservice sector.
How much has Fund VII raised?
Fund VII has raised over $505 million in commitments just two months after its launch.
Who are the main investors in CapitalSpring's funds?
The firm's investors include state and municipal pension plans, endowments, foundations, and family offices.
What was CapitalSpring's largest exit?
The largest exit for CapitalSpring was the sale of Sizzling Platter to Bain Capital.
How long has CapitalSpring been operating?
CapitalSpring has been operating for 20 years, providing investment opportunities and strategic resources to its partners.
