Freeman Spogli
Private equityLos 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.
Team · 32 people
from the firm's websiteWhat they invest in
from 14 of 76 portfolio companiesConsumer ×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 pathBy year:2017 · 12014 · 12 dated
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 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
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
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
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 Products manufactures and sells seeds and gardening products under heritage brands trusted by home gardeners in North America.
AgTechConsumerE-commerceNorton, US
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 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 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 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-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
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
Boot Barn · retailboss.co · Sep 17, 2026
Fund performance · per public LP disclosures · 4
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| FS Equity Partners VIII LPLPs: Florida State Board of Administration | 2019 | — | 11.8% | 1.54x | 0.39x |
| FS Equity Partners VII LPLPs: Florida State Board of Administration | 2014 | — | 8.5% | 1.56x | 0.91x |
| FS Equity Partners VI LPLPs: Florida State Board of Administration | 2009 | — | 23.1% | 3.08x | 3.08x |
| FS Equity Partners V LPLPs: Florida State Board of Administration | 2003 | — | 16.1% | 2.10x | 2.10x |
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.
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