CapitalSpring Achieves Milestone with $505 Million Raised for Its New Fund

CapitalSpring’s Successful Fundraising Journey

In a remarkable achievement only two months following the launch of its seventh flagship investment fund, CapitalSpring has successfully concluded its initial fundraising phase, garnering commitments exceeding $505 million. The target for this fund is set at a substantial $1 billion, demonstrating strong early interest from a variety of investors, including state and municipal pension plans, endowments, foundations, and family offices.

Richard Fitzgerald, Co-Founder and Managing Partner of CapitalSpring, expressed gratitude for the overwhelming confidence shown by existing limited partners, noting that nearly all investors increased their commitments in comparison to previous funds. This positive momentum in fundraising aligns seamlessly with some of the firm's significant milestones this year, marking its 20th anniversary—an occasion that highlights CapitalSpring's sustained competitive edge in the investment sector.

Celebrating a Milestone Exit

The successful fundraising comes on the heels of CapitalSpring's largest exit to date, involving the sale of Sizzling Platter to Bain Capital. This strategic exit not only validates the firm’s investment strategies but also adds a notable feather in its cap during a year filled with substantial achievements. To date, CapitalSpring has executed over 300 investments totaling more than $4 billion across various brands and franchise systems. The Sizzling Platter transaction represents the firm’s first exit exceeding $1 billion, a significant marker of success that enhances credibility with future investors.

The journey with Sizzling Platter began in 2019 when the franchise operated 424 locations under five brands, making it the 20th-largest restaurant franchisee in the United States by revenue. Through CapitalSpring’s strategic guidance and operational expertise, the company expanded substantially to more than 800 locations across eight distinct brands and made a mark as the sixth-largest restaurant franchisee in the country, achieving an impressive system revenue of over $1 billion annually.

Future Opportunities with Fund VII

As CapitalSpring turns its focus to Fund VII, the aim continues to revolve around identifying and capitalizing on opportunities within the foodservice, franchising, and multi-unit business ecosystem. Leveraging over 20 years of industry relationships and operational insight, the firm is set to employ its expertise in navigating the competitive market landscape.

The commitments garnered so far exemplify an unwavering trust from existing partners and reflect a continued interest in the fund’s value-adding propositions. “Our goal remains unwavering,