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- Four Spring Capital Trust
Four Spring Capital Trust Funding, Investors & Competitors
Four Spring Capital Trust has raised $350M across 2 funding rounds, most recently a $300M undisclosed-stage round in May 2021.
Last Four Spring Capital Trust funding round
$300M
Undisclosed stage · May 2021
Cumulative funding Four Spring Capital Trust raised
$350M
across 2 funding rounds
Key investors in Four Spring Capital Trust
Goldman Sachs
Carlyle Group
Third Seven Capital
About Four Spring Capital Trust
Four Spring Capital Trust is a Lake Como, New Jersey-headquartered real estate investment trust that acquires single-tenant net lease properties leased to tenants like Walmart, Walgreens, and Dollar General. Focused on industrial, medical office, retail, and office sectors nationwide, it targets properties with lease terms exceeding 10 years and built-in rent escalations. Founded in 2012, the trust emphasizes long-term income stability.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Investment management
Sectors
Four Spring Capital Trust Funding History
Four Spring Capital Trust has raised a total of $350M across 2 funding rounds.
Four Spring Capital Trust's first fundraising round was a $50M strategic investment round in January 2021. The most recent completed round was a $300M undisclosed-stage round in May 2021.
Four Spring Capital Trust funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Undisclosed stage | Carlyle Group (lead) | $300M | Carlyle's Global Credit platform agreed in May 2021 to provide up to $300 million in growth capital to Four Springs Capital Trust, a privately held real estate investment trust. The capital is intended to scale the trust's portfolio of single-tenant net-leased properties through an active acquisition pipeline, with roughly $250 million of new properties expected to close within a year. Four Springs acquires and manages income-generating properties across the United States on long-term net lease terms, under which the tenant covers most property costs. At the time of the announcement its portfolio comprised 122 properties in 29 states, leased to 56 tenants across 31 tenant types. The properties fall into three main categories: industrial, medical and retail. The investment gave the trust a large institutional capital partner ahead of its plans to broaden its ownership base. The figure is a commitment to provide capital rather than a fully drawn amount. |
| Jan 2021 | Strategic investment | Third Seven Capital; Goldman Sachs | $50M | - |
Who has invested in Four Spring Capital Trust?
3 investors have backed Four Spring Capital Trust across its funding rounds, including Goldman Sachs, Carlyle Group and Third Seven Capital.
Lead investors include Carlyle Group.
Four Spring Capital Trust Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFour Spring Capital Trust Competitors
Four Spring Capital Trust competitors include listed companies like Brookfield, Brookfield Asset Management, American Healthcare REIT and L&T Finance, and private ones like CREED and Greystone (multifamily unit).
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $75B | $32B | $93B | 63.6x | ||
| Publicly listed | $4.6B | $3.2B | $85B | 15.6x | ||
| Publicly listed | $2.3B | $360M | $13B | 5.4x | ||
| Publicly listed | $1.1B | - | $7.4B | 5.4x | ||
| Private | - | - | $6.4B | - | ||
| Private | - | - | $3.1B | - |
Four Spring Capital Trust Public Comps
Four Spring Capital Trust is still privately-owned, but its public comps include Brookfield, Brookfield Asset Management, American Healthcare REIT, L&T Finance, Charter Hall Group, Piramal Finance, Mirvac Group, Rithm Capital, Millrose Properties and Embassy Office Parks.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75B | $32B | 6.2x | 63.6x | 14.7x | 65.7x | |||
| $4.6B | $3.2B | 21.1x | 15.6x | 30.1x | 29.5x | |||
| $2.3B | $360M | 6.6x | 5.4x | 41.2x | 29.7x | |||
| $1.1B | - | 6.5x | 5.4x | - | - | |||
| $311M | - | 24.5x | 12.5x | - | 15.1x | |||
| $1.1B | $183M | 12.9x | 19.7x | 77.6x | - | |||
| $1.8B | $510M | 4.3x | 5.5x | 15.2x | 12.9x | |||
| $2.9B | - | 1.8x | 0.9x | - | - | |||
This data is available for Pro users. Sign up to see all Four Spring Capital Trust competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Four Spring Capital Trust
| When was Four Spring Capital Trust founded? | Four Spring Capital Trust was founded in 2012. |
| Where is Four Spring Capital Trust headquartered? | Four Spring Capital Trust is headquartered in Lake Como, PA, United States. |
| Is Four Spring Capital Trust publicly listed? | No, Four Spring Capital Trust is a private, VC-backed company. |
| How much funding has Four Spring Capital Trust raised? | Four Spring Capital Trust has raised $350M across 2 funding rounds. |
| What was Four Spring Capital Trust's last funding round? | Four Spring Capital Trust's last funding round was a $300M undisclosed-stage round in May 2021, led by Carlyle Group. |
| Who are Four Spring Capital Trust's investors? | Four Spring Capital Trust's investors include Third Seven Capital, Goldman Sachs and Carlyle Group. |
| Which companies are comparable to Four Spring Capital Trust? | Companies comparable to Four Spring Capital Trust include Brookfield, Brookfield Asset Management, American Healthcare REIT, L&T Finance, CREED and Greystone (multifamily unit). |
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