CapitalSpring, an investment firm focused on the branded restaurant industry, closed its fifth fund, with $725m of aggregate capital commitments.
CapitalSpring Investment Partners V, L.P. and parallel funds exceeded the target of $500 with backing from a diverse group of existing and new limited partners in the US and Europe, including public and private pensions, endowments, foundations, funds of funds, and family offices.
Founded in 2005 by Richard Fitzgerald, Managing Partner, CapitalSpring focuses on providing structured loans and private equity to proven restaurant management teams in support of acquisitions, new development, recapitalization, and other complex financing needs.
It targets investments ranging from $10m to $100m across the restaurant industry and leverages its deep sector expertise, in-house strategic and operations resources, and broad network of industry relationships to support its portfolio companies.
Since the initial close in 2016, CapitalSpring has already completed seven investments in Fund V, encompassing eight restaurant brands and 645 restaurant locations.
The firm, which has offices in Nashville, Los Angeles, Atlanta, and New York, currently manages assets in excess of $1.3 billion and has completed investments in the operations of over 50 different restaurant brands and 4,000 restaurant locations.
Have a look at the team here.