Freeman Spogli’s $1.85 Billion Fund VIII Fundraising

Ropes & Gray Serves as Legal Counsel to Freeman Spogli. Lazard acted as lead placement agent and Triago acted as placement agent for several European investors.

Freeman Spogli & Co., a leading middle market private equity firm, closed FS Equity Partners VIII, L.P. at its hard cap of $1.85 billion in capital commitments.

Fund VIII is the successor fund to FS Equity Partners VII, L.P., which closed on total commitments of $1.3 billion.

Commitments to Fund VIII came from a diverse group of public and private pension funds, insurance companies, endowments, foundations, financial institutions and family offices.

Consistent with its predecessor funds, Fund VIII will target investment opportunities in established middle market consumer and distribution companies in North America. Fund VIII will seek to deploy $75 to $300 million of capital per investment, with significant additional investment capacity available through its limited partner relationships.

Freeman Spogli seeks to invest in companies with differentiated business models, defensible market positions, strong foundations for growth, attractive free cash flow characteristics, experienced operators, and opportunities for investment in strategic value creation initiatives and operating enhancements.

The Ropes & Gray team advising Freeman Spogli was led by asset management partner Amanda Persaud (Picture) and included tax partner Jay Milkes, finance partner Steve Rutkovsky, ERISA partner Josh Lichtenstein, and associates JustinFloyd, August Jones-Loiacono, James Sullivan, April Herleikson, Nicole Krea, Jacob Sikora, Denise Sohn, Dan Li,and Abraham Rudy.

Involved fees earner: Justin Floyd – Ropes & Gray; April Herleikson – Ropes & Gray; August Jones-Loiacono – Ropes & Gray; Nicole Krea – Ropes & Gray; Dan Li – Ropes & Gray; Joshua Lichtenstein – Ropes & Gray; Jay Milkes – Ropes & Gray; Amanda Persaud – Ropes & Gray; Abraham Rudy – Ropes & Gray; Steven Rutkovsky – Ropes & Gray; Jacob Sikora – Ropes & Gray; Denise Sohn – Ropes & Gray; James Sullivan – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Freeman Spogli & Co;

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Author: Ambrogio Visconti