# Townsquare Capital

Townsquare Capital is a Private Equity based in Lehi, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Lehi, United States
- **Region:** North America
- **Address:** Provo, UT, United States
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** www.townsquarecapital.com
- **LinkedIn:** https://www.linkedin.com/company/tsquarecap

## Regulatory record

- **CRD number:** 288576
- **SEC file number:** 801-110591
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/288576

## About

Townsquare Capital is an SEC-registered investment adviser in LEHI, UT, registered since 2017. The firm manages approximately $18.1 billion in regulatory assets. It has 53 employees and 17 investment advisers.

## Sectors

- Media & Entertainment
- Real Estate

## People

- Steven Price — Co-Founder and Executive Chairman
- Stuart Rosenstein — Co-Founder and CEO

## Questions

### What is the relationship between Townsquare Capital and Townsquare Media?

Townsquare Capital is the private investment firm that founded and controls Townsquare Media, the publicly traded operating company that went public on the NYSE in 2014 under ticker TSQ. The co-founders — Steven Price and Stuart Rosenstein — hold leadership roles across both entities. Townsquare Capital retains a significant ownership stake and uses dividends and buybacks from the public company to fund new private investments.

### Which investors backed Townsquare Media before it went public?

Oaktree Capital Management and GE Capital provided leveraged financing alongside Townsquare Capital during the acquisition phase. These institutional lenders participated in the 2009 Regent Communications bankruptcy acquisition and the subsequent $282 million Gap Broadcasting deal in 2010 (per SEC filings, 2014), making them key pre-IPO capital partners.

### What happened to Townsquare Media after the IPO?

Townsquare Media has continued operating the same three-segment model — radio, digital marketing services, and live events — under public-company governance. The co-founders retained board and executive roles, and the company has periodically executed share buybacks. In October 2023, a Dutch auction tender offer concentrated ownership further, signaling long-term commitment from the founding team rather than a typical post-IPO exit.

## Related profiles

- [Townsend Ventures](https://altss.com/profile/townsend-ventures)
- [Toxaway Capital Partners](https://altss.com/profile/toxaway-capital-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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