Freeman Spogli & Co. Closes Eighth Private Equity Fund, at $1.85 Billion

Freeman SpogliFreeman Spogli & Co., a Los Angeles, CA- and NYC-based middle market private equity firm, closed FS Equity Partners VIII, L.P., at $1.85 billion.

Commitments to Fund VIII, the successor fund to FS Equity Partners VII, L.P., which closed on total commitments of $1.3 billion, came from a diverse group of public and private pension funds, insurance companies, endowments, foundations, financial institutions and family offices.

Consistent with predecessor funds, the fund will target investment opportunities in established middle market consumer and distribution companies in North America.
Fund VIII will seek to deploy $75 to $300 million of capital per investment, with significant additional investment capacity available through its limited partner relationships.
The firm seeks to invest in companies with:
– differentiated business models,
– defensible market positions,
– strong foundations for growth,
– attractive free cash flow characteristics,
– experienced operators, and
– opportunities for investment in strategic value creation initiatives and operating enhancements.

Since its founding in 1983, Freeman Spogli has invested $4.5 billion in 61 investments with aggregate transaction value of over $23 billion.

The team includes:
– Bradford M. Freeman, Co-Chairman
– Ronald P. Spogli, Co-Chairman
– John M. Roth, Chief Executive Officer
– Jon D. Ralph, President and Chief Operating Officer
– Brad J. Brutocao, Partner
– Benjamin D. Geiger, Partner
– Todd W. Halloran, Partner
– Jordan A. Hathaway, Partner
– John S. Hwang, Partner
– Christian B. Johnson, Partner
– J. Frederick Simmons, Partner
– Sara J. Gilson, Vice President
– Brendan D. Motz, Vice President
– Juan R. Pita, Vice President
– Shannon A. Vonk, Vice President
– Anthony I. Biegel, Senior Associate
– Rayhaan Charania, Senior Associate
– Robert C. Lewis, Senior Associate
– Dennis M. McCarthy, Senior Associate
– Matthew P. Allen, Associate
– Kellie E. Barranco, Associate
– Joseph Z. Malhas, Associate
– Taylor A. Peck, Associate
– Lou A. Losorelli, Chief Financial Officer
– William M. Wardlaw, Chief Compliance Officer
– Annie J. Park, Fund Accounting and Financial Reporting Manager
– Betty Sheets, Senior Advisor

FinSMEs

04/09/2019

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