Freeman Spogli
Private equityLos Angeles · Growth · 33 people tracked
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.
Team · 33 people
from the firm's websiteWhat they invest in
from 13 of 76 portfolio companiesConsumer ×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 pathBoot 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.)
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
Co-investorsLovell Minnick
Easy Ice offers commercial ice machines through a fully managed monthly subscription that includes equipment, installation, preventive maintenance, cleaning, and repairs.
HardwareSaaS
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
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
Flooring retailer offering tile, wood, and stone products, along with in-store pickup and inspiration for home improvement projects.
ConsumerE-commerceRetail Tech
Green Garden Products is a company focused on home gardening, offering gardening products through a portfolio of brands aimed at home gardeners.
AgTechConsumerE-commerce
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
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
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
Co-investorsLeonard Green
Sur La Table is a retailer of cookware, kitchen goods, and related products, selling both in physical stores and online.
ConsumerE-commerceRetail Tech
Co-investorsMidOcean
US Med-Equip (USME) rents and sells movable medical equipment to hospitals across the United States, supported by manufacturer-certified biomedical technicians.
HealthtechMedical Devices
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
Portfolio news
latest coverage across their companiesBrooklinen · inc.com · Apr 2, 2025
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 Dorm Room, FirstMark Capital, Leonard Green, among 7 tracked co-investors.
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