CapitalSpring has raised $725 million for its fifth fund, beating its $500 million target. The fund’s limited partners include public and private pensions, endowments, foundations, funds of funds and family offices. Schulte Roth & Zabel LLP provided counsel to CapitalSpring on the fund. CapitalSpring focuses on making investments apiece between $10 million and $100 million in the restaurant industry.
NEW YORK–(BUSINESS WIRE)–CapitalSpring, a leading investment firm focused on the branded restaurant industry, today announced the final closing of CapitalSpring Investment Partners V, L.P. and parallel funds (“Fund V” or the “Fund”), with $725 million of aggregate capital commitments. Fund V was substantially oversubscribed and exceeded its target of $500 million. The Fund attracted strong 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.
“We are pleased to have attracted strong demand from high quality limited partners for Fund V, and our team remains confident that our differentiated strategy and unique focus on the restaurant industry will continue to generate attractive risk-adjusted returns for our investors,” said, Richard Fitzgerald, Co-Founder and Managing Partner of CapitalSpring. “We would like to thank all of our investors for their ongoing trust and support.”
CapitalSpring’s investment strategy 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. CapitalSpring targets investments ranging from $10 million to $100 million 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.
Schulte Roth & Zabel LLP served as CapitalSpring’s fund counsel.
Founded in 2005, CapitalSpring is one of the most active private investors focused on the restaurant industry. The Firm 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. CapitalSpring has offices in Nashville, Los Angeles, Atlanta, and New York.
For more information about CapitalSpring, please visit www.capitalspring.com.