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Freeman Spogli

Private equity

Los Angeles · Growth · 33 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 Aug 25, 2026.

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

Team · 33 people

from the firm's website
Nathan Hill· Senior Associate

What they invest in

from 13 of 76 portfolio companies

Consumer ×9E-commerce ×5Retail Tech ×5FoodTech ×2Logistics & Supply Chain ×2AgTech ×1B2B Marketplaces ×1Circular Economy ×1

HQs:United States×7

Investments · 76 tracked

founders shown can be your intro path
Advance Auto Parts
AFC Enterprises
Arhaus
Asbury Automotive Group
Asurion
AV Partnership
Baseline Fitness
Batteries Plus
Bayless Food Markets
BECO
Boot Barnbootbarn.com

Boot Barn is a retailer of western and work footwear and apparel, selling brands such as Cody James, Dan Post, Double H, Shyanne, and Idyllwind through its online store and physical locations.

ConsumerE-commerceRetail TechIrvine, US

Christian B. Johnson(Director)James Conroy(Executive Officer, Director)J. Frederick Simmons(Director)Greg Bettinelli(Director)Paul Iacono(Executive Officer)Laurie Grijalva(Ms. Grijalva is a Vice President of the Issuer.)

Boys Markets
Brooklinenbrooklinen.com

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

Richard Fulop(Executive Officer, Director)Rich Fulop(Founder)in

BoardAmish Jain(Director)

Co-investorsDorm RoomFirstMark CapitalSummit Partners

Brylane
Buttrey Food Drug Stores
Cafe Rio
Calmar Spraying Systems
CB Richard Ellis
Century Maintenance Supply
City Barbeque
CRH Healthcare
Duff & Phelps

Co-investorsLovell Minnick

Easy Iceeasyice.com

Easy Ice offers commercial ice machines through a fully managed monthly subscription that includes equipment, installation, preventive maintenance, cleaning, and repairs.

HardwareSaaS

El Pollo Locoelpolloloco.com

El Pollo Loco is a restaurant chain serving fire-grilled chicken and Mexican-inspired dishes such as tacos, burritos, quesadillas, bowls, and family meals.

ConsumerFoodTech

EnviroSource
EverVet
First Watchfirstwatch.com
Five Star Breaktime Solutionsfivestarbreaktime.comin𝕏

Five Star Breaktime Solutions provides on-site food and beverage services for workplaces, including micro markets, vending machines, office coffee and pantry service, water service, catering, and corporate dining.

FoodTech

Floor & Decorflooranddecor.comin

Flooring retailer offering tile, wood, and stone products, along with in-store pickup and inspiration for home improvement projects.

ConsumerE-commerceRetail Tech

Galco
Galyan's Trading Company
Green Garden
Green Garden Productsgreengarden.com

Green Garden Products is a company focused on home gardening, offering gardening products through a portfolio of brands aimed at home gardeners.

AgTechConsumerE-commerce

Hall-Mark Electronics
hhgregg
HTM Sports
Hudson RCI
Infinity Home Services
ISN
Kamps
Luxury Brand Holdings
Marcus Cable
Mattress Giant
Medical Arts Press
Miadora
Micro Warehouse
MicroStarmicrostarlogistics.com

MicroStar Logistics runs a shared, pay-per-fill keg supply chain for breweries, providing branded reusable steel kegs that brewers share instead of owning or leasing.

Circular EconomyClimate TechLogistics & Supply Chain

NearU
NEW Asurion
Orchard Supply Hardware
Osprey
P&C Foods
Paradiesparadieslagardere.com

Paradies Lagardère operates more than 700 retail stores and restaurants across 92 airports in North America, offering national brands and local products to travelers.

ConsumerRetail TechTravel & Hospitality

Petco
Philz Coffee
Piggly Wiggly Southern
Propelled Brandspropelledbrands.com

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-investorsLightBay Capital

Purity Supreme
Regent Holdings
Saverssavers.com

Co-investorsLeonard Green

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 Administration201911.8%1.54x0.39x
FS Equity Partners VII LPLPs: Florida State Board of Administration20148.5%1.56x0.91x
FS Equity Partners VI LPLPs: Florida State Board of Administration200923.1%3.08x3.08x
FS Equity Partners V LPLPs: Florida State Board of Administration200316.1%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 Dorm Room, FirstMark Capital, Leonard Green, among 7 tracked co-investors.

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