US private equity firm CapitalSpring has collected more than $371m for its fifth fund, AltAssets can reveal.
CapitalSpring Investment Partners V has collected commitments from more than 52 LPs according to multiple filings with the US Securities and Exchange Commission.
Part of the fund is being raised through parallel vehicles, dubbed CapitalSpring Investment Partners V parallel II and CapitalSpring Investment Partners V Parallel III.
None of the three filings reveal how much the fund is targeting or its hard cap.
A spokesperson for the firm was not immediately available to respond to a request for comment.
Back in January 2014, CapitalSpring beat the target for its direct lending fund, with CapitalSpring Direct Lending Partners reeling in $255.9m.
With offices in New York, Los Angeles and Nashville, the firm is solely focused on the branded restaurant sector, with its typical investments ranging from $10m to $100m.
Its subsectors of interest include franchisees / franchisors, independent concepts, businesses serving the restaurant end-markets, and real estate opportunities.
CapitalSpring provides structured loans and private equity to proven management teams in support of acquisitions, new development, recapitalization, and other complex situations according to its website.
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