CapitalSpring, an investment firm focused on the branded restaurant industry, has held the final closing of CapitalSpring Investment Partners V, and parallel funds (Fund V), with USD725 million of aggregate capital commitments.
Fund V, which was substantially oversubscribed and exceeded its target of USD500 million, 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,” says 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, recapitalisation, and other complex financing needs. CapitalSpring targets investments ranging from USD10 million to USD100 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.
