Nashville-based investment firm CapitalSpring announced Friday it has closed on more than $505 million of commitments for its seventh fund.

According to a release, the fund is targeting $1 billion in total commitments, with the milestone of more than half that figure coming two months after the company — which focuses its investments on franchised and other multi-location businesses, particularly restaurants and food services companies — launched the fund.

Richard Fitzgerald

Richard Fitzgerald

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