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Freeman Spogli

Private equity

Los Angeles · Growth · 32 people tracked

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Investment thesis

Freeman Spogli invests in middle-market companies with transformational growth opportunities, whether through organic growth, geographic expansion, product diversification, or strategic acquisitions. The firm emphasizes industry specialization, backing strong management teams, and a partnership approach shaped by its 40-plus-year history. It applies an established value-creation playbook covering strategic planning, best practices, industry relationships, functional resources, M&A and debt financing execution, and organizational development. Within consumer, it targets companies with strong competitive positions, brands, and loyal customers capable of expanding into new geographies, segments, and channels. In distribution, it favors value-added businesses with sustainable market positions, diversified suppliers and customers, broad inventory, high margins, and strong free cash flow.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Los Angeles, CA, US
Instruments
Equity
Founded
1983
AUM
$6.2B
Tracked investments
76

Team · 32 people

from the firm's website
Nathan Hill· Senior Associate

What they invest in

from 14 of 76 portfolio companies

Consumer ×10E-commerce ×5Retail Tech ×5FoodTech ×4B2B Marketplaces ×3Enterprise Software ×3Direct to Consumer ×2Hardware ×2

HQs:United States×12

Investments · 76 tracked

founders shown can be your intro path

By year:2017 · 12014 · 12 dated

Five Star Breaktime Solutionsfivestarbreaktime.comin𝕏✓ verified

Five Star Breaktime Solutions provides vending, micro-market, office coffee, and food service solutions for corporate and commercial clients.

B2B MarketplacesEnterprise SoftwareFoodTechImpact & Social GoodChattanooga, US

Richard Kennedy(President & Chief Executive Officer)inMike McLean(Chief Financial Officer)in

Boot Barnbootbarn.comin𝕏Jun 2014

Boot Barn is the largest western and workwear retailer in the United States, offering cowboy boots, work boots, western wear, and outdoor gear through multiple brand lines serving ranchers, workers, outdoor enthusiasts, and fashion-conscious consumers.

ConsumerE-commerceRetail TechIrvine, US

James Conroy(Executive Officer, Director)Paul Iacono(Executive Officer)inLaurie Grijalva(Ms. Grijalva is a Vice President of the Issuer.)

BoardChristian B. Johnson(Director)J. Frederick Simmons(Director)Brad J. Brutocao(Director)in

Brooklinenbrooklinen.comin𝕏Feb 2017

Brooklinen sells bedding products such as sheets, bed bundles, and related home goods directly to consumers online and through physical stores.

ConsumerDirect to ConsumerE-commerceNew York, US

Rich Fulop(Founder)inVicki Fulop(Founder)

BoardAmish Jain(Director)

Co-investorsDorm RoomFirstMark CapitalNYU Innovation Venture FundSummit Partners

Easy Iceeasyice.comin𝕏

Easy Ice acquires ice machine companies and rental divisions, integrating them into a network that provides customers with nationwide coverage, technical support, and operational resources.

B2B MarketplacesEnterprise SoftwareHardwareSaaSPhoenix, US

El Pollo Locoelpolloloco.com

El Pollo Loco is a fast-casual restaurant chain that prepares Mexican-inspired chicken dishes with fire-grilled meats and fresh, hand-prepared ingredients rather than pre-assembled or reheated components.

ConsumerFoodTech

First Watchfirstwatch.comin𝕏
Floor & Decorflooranddecor.comin𝕏

Floor and Decor is a retailer of flooring and home decor products that operates supply chain management and vendor oversight programs to ensure compliance with labor standards and prevent human trafficking.

ConsumerE-commerceHardwareRetail TechAtlanta, US

Green Garden Productsgreengarden.com

Green Garden Products manufactures and sells seeds and gardening products under heritage brands trusted by home gardeners in North America.

AgTechConsumerE-commerceNorton, US

MicroStarmicrostarlogistics.comin𝕏

MicroStar Logistics provides outsourced keg supply chain management for breweries, handling inventory tracking, logistics, and maintenance across owned and leased kegs.

Circular EconomyClimate TechFoodTechLogistics & Supply Chain

Paradiesparadieslagardere.comin

Paradies Lagardère operates airport retail and hospitality services for travelers across North America.

ConsumerRetail TechTravel & Hospitality

Gregg PARADIES(Chief Executive Officer)inJohn JAMISON(President)inDavid BISSET(Executive Vice President / Chief Development Officer)inJil GREENE(Senior Vice President / Chief Human Resources Officer)inWill Andrews(Chief Financial Officer)inSubodh MISHRA(Senior Vice President, Chief Information Officer)in

Philz Coffeephilzcoffee.comin𝕏

Philz operates a coffee shop chain that serves customized brewed-to-order coffee made from sustainably sourced beans roasted in-house.

ConsumerDirect to ConsumerFoodTechSan Francisco, US

Jacob Jaber(Founder)inPhilBenedikt Reifler(Executive Officer)inFaisal Jaber(Executive Officer, Director)Phil Jaber(Founder)

BoardGreg Goldfarb(Director)in

Co-investorsCowboy VenturesDivide by ZeroSummit PartnersTuesday CapitalUncorrelated VenturesGeneral Atlantic+3 more

Propelled Brandspropelledbrands.comin

Propelled Brands is a franchisor that partners with, acquires, and provides operational support to franchise concepts, operating a portfolio of over 1,300 franchise locations and 45+ corporate stores.

ConsumerRetail Tech

Co-investorsAdams Street PartnersLightBay Capital

Sur La Tablesurlatable.com

Sur La Table operates a creator affiliate program called The Kitchen Table that allows content creators to earn commissions by sharing cooking content featuring the company's kitchenware and culinary products with their social media followers.

ConsumerCreator EconomyE-commerceMarketplacesRetail Tech

US Med-Equipusme.comin

US Med-Equip provides rental and sales of high-quality movable medical equipment to hospitals and healthcare facilities, with an in-house biomedical repair service team that inspects, tests, and restores refurbished equipment to manufacturer specifications.

Enterprise SoftwareHealthtechMedical DevicesSaaSHouston, US

Greg Salario(Founder)in

Winebowwinebow.comin

Winebow is an importer and distributor of fine wines and spirits, connecting producers and a portfolio of brands with buyers and sellers across the US market.

B2B MarketplacesConsumerLogistics & Supply Chain

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Advance Auto PartsAFC EnterprisesArhausAsbury Automotive GroupAsurionAV PartnershipBaseline FitnessBatteries PlusBayless Food MarketsBECOBoys MarketsBrylaneButtrey Food Drug StoresCafe RioCalmar Spraying SystemsCB Richard EllisCentury Maintenance SupplyCity BarbequeCRH HealthcareDuff & PhelpsEnviroSourceEverVetGalcoGalyan's Trading CompanyGreen GardenHall-Mark ElectronicshhgreggHTM SportsHudson RCIInfinity Home ServicesISNKampsLuxury Brand HoldingsMarcus CableMattress GiantMedical Arts PressMiadoraMicro WarehouseNearUNEW AsurionOrchard Supply HardwareOspreyP&C FoodsPetcoPiggly Wiggly SouthernPurity SupremeRegent HoldingsSaversSmile Brands GroupSPINSun CarriersThe PantryTops Marketstotes»IsotonerTricoast ContainerVIBEVIBE SPINVIO Med SpaWebcraft TechnologiesWebVisionWhiteWater Express

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 4

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
FS Equity Partners VIII LPLPs: Florida State Board of Administration2019—11.8%1.54x0.39x
FS Equity Partners VII LPLPs: Florida State Board of Administration2014—8.5%1.56x0.91x
FS Equity Partners VI LPLPs: Florida State Board of Administration2009—23.1%3.08x3.08x
FS Equity Partners V LPLPs: Florida State Board of Administration2003—16.1%2.10x2.10x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Freeman Spogli made?
Freeman Spogli has 76 tracked investments.
What stage does Freeman Spogli invest at?
Freeman Spogli invests at the Growth stage.
What sectors does Freeman Spogli focus on?
Freeman Spogli focuses on Consumer.
Where is Freeman Spogli located?
Freeman Spogli is headquartered in Los Angeles, US.
Who does Freeman Spogli co-invest with?
Freeman Spogli most often shares deals with Summit Partners, Adams Street Partners, Cowboy Ventures, among 13 tracked co-investors.

Images

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