CapitalSpring partners with management teams and operators to support acquisitions, new development, recapitalization, and other complex situations in the restaurant sector. They target investments of $10M to $150M in uni-tranche/mezzanine debt, partnership equity, and other creative capital solutions. Their focus is on franchisees/franchisors, independent concepts, businesses serving the restaurant end-markets, and real estate opportunities. The firm was founded by Richard Fitzgerald and Christopher Unrath in Nashville, Tennessee. They also manage the CapitalSpring Direct Lending Partners fund, which invests in restaurants, hotels, and leisure businesses, providing high yielding senior debt and subordinated capital to proven operators of small to mid-sized businesses operating under leading franchised brands across the U.S. Additionally, CapitalSpring provides preferred equity capital to businesspeople affiliated with strong franchisors.