You can create folders in the Launchbar for organizing your workspaces. To see folders in the Launchbar, click the View tab, click the Workspaces drop-down arrow, and then click Folders.
In the Launchbar, click the location in the Workspaces list where you want to place a new folder.
Folders are created at the same level as the selected item. For example, if you select a workspace that is already in a folder and then create a new folder, the new folder will appear in the same existing folder.
On the View tab, click New Folder.
Replace the "New Folder" text with a name that makes sense for the workspaces you intend to store in that folder. You can rename the folder at any time: right-click the folder and then click Rename.
Drag and drop the items into the new folder as desired.
To move an existing workspace or shared folder into a folder, right-click the workspace or folder, click Move to Folder..., select the target folder in the dialog box, and then click OK.