CapitalSpring Raises $725M For Fifth Buyout Fund

Aug 7 2017 | 10:53pm ET

Branded restaurant specialist CapitalSpring has raised $725 million in aggregate capital commitments for its fifth fund, easily surpassing its $500 million target. 

The new fund, named CapitalSpring Investment Partners V, and parallel vehicles were substantially oversubscribed, the company said in a statement. The pool was supported by a diverse group of existing and new limited partners in the U.S. and Europe, including public and private pensions, endowments, foundations, funds of funds, and family offices.

CapitalSpring’s investment strategy focuses on providing structured loans and private equity to restaurant management teams in support of acquisitions, new development, recapitalization, and other complex financing needs. The firm targets investments ranging from $10 million to $100 million across the restaurant industry, and leverages sector expertise, in-house strategic and operations resources, and broad network of industry relationships to support its portfolio companies. 

Since its initial close in 2016, CapitalSpring has completed seven investments within Fund V, encompassing eight restaurant brands and 645 restaurant locations.

Schulte Roth & Zabel 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. 

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