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Freeman Spogli

Private equity

Los Angeles · Growth · 32 people tracked

Find your way into Freeman Spogli

2,099 people in our graph share verified history with the Freeman Spogli team — schools, employers, funds. One of them is your warm intro.

Niki Pezeshkiunlockedknows Shannon Foote · together at Goldman Sachs (overlapped)
×5knows the team · via Goldman Sachs
×2knows the team · via Harvard Business School
knows the team · via Morgan Stanley
×2knows the team · via Cornell
knows the team · via Colgate University
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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 1, 2026.

Stage
Growth
HQ
Los Angeles, CA, US
Instruments
Equity
Founded
1983
AUM
$6.2B
Tracked investments
77

Team · 32 people

from the firm's website
Nathan Hill· Senior Associate

What they invest in

from 13 of 77 portfolio companies

Consumer ×9E-commerce ×5Retail Tech ×5B2B Marketplaces ×3Enterprise Software ×3FoodTech ×3Hardware ×2Logistics & Supply Chain ×2

HQs:United States×12

Investments · 77 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

Advance Auto Parts
AFC Enterprises
Arhaus
Asbury Automotive Group
Asurion
AV Partnership
Baseline Fitness
Batteries Plus
Bayless Food Markets
BECO
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)

Boys Markets
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)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.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

EnviroSource
EverVet
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

Galco
Galyan's Trading Company
Green Garden
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

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.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

NearU
NEW Asurion
Orchard Supply Hardware
Osprey
P&C Foods
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

Petco
Philz Coffee

San Francisco, US

Jacob Jaber(Executive Officer, Director)Benedikt Reifler(Executive Officer)Faisal Jaber(Executive Officer, Director)

BoardGreg Goldfarb(Director)inMyles McCormick(Director)

Co-investorsCowboy VenturesCrunchFundDivide by ZeroSummit AgSummit PartnersTPG+1 more

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

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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