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CapitalSpring raises $725m

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CapitalSpring raised $725 million for its CapitalSpring Investment Partners V. The New York-headquartered firm had a $500 million target and held an initial close in 2016.

Investors that committed to CapitalSpring Investment Partners V include the Rhode Island State Treasury and the Ohio Police & Fire Pension Fund.

The fund will target a broad range of unitranche, senior secured, mezzanine debt, and select equity investment opportunities in the restaurant industry in North America.

Schulte Roth & Zabel LLP was the fund’s legal advisor.