CapitalSpring, a leading investment firm specializing in franchised and multi-location businesses, announced it has secured over $505 million in commitments for its seventh flagship investment fund, just two months after launch, with a target of $1 billion in total commitments. The early close saw strong backing from existing limited partners, including pension plans, endowments, foundations, and family offices. “We are grateful for the continued confidence and support from our existing investors. All commitments to date are from existing limited partners with almost all investors upsizing their commitment level relative to prior funds,” said Richard Fitzgerald, Co-Founder and Managing Partner.
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The fundraising milestone follows CapitalSpring’s largest exit to date, the sale of Sizzling Platter to Bain Capital and coincides with its 20th anniversary, marking a year of record achievements. Under CapitalSpring’s ownership, Sizzling Platter grew from 424 to over 800 locations across eight brands and surpassed $1 billion in system revenue. Building on this success, Fund VII will continue investing across foodservice, franchising, and multi-unit sectors. “Our goal remains the same as it has been for two decades,” added Fitzgerald. “We aim to be a flexible, value-added partner… helping strong operators unlock their next phase of growth.”
