CapitalSpring, a sector‑focused private equity firm, recently completed a $1 billion‑plus exit of its Sizzling Platter portfolio to Bain Capital. Over two decades, the firm has deployed $4 billion across more than 300 investments, primarily in multi‑location foodservice and consumer brands. It attributes its success to deep specialization, a hybrid debt‑equity investment model, and a focus on labor‑light businesses that proved resilient during the pandemic. The firm also closed its seventh fund in a challenging capital environment by highlighting portfolio stability.

Chris Sznewajs of Pacific Avenue Capital Partners discussed how the firm builds a private‑equity platform centered on complex corporate carve‑outs and assets owned by “unnatural owners.” The firm leverages proprietary sourcing through corporate relationships and invests heavily in an operational...