NewSpring Capital

Five strategies run as one firm at NewSpring Capital, a lower-middle-market private capital partner. The firm has invested only in the lower-middle market for more than 25 years, and it describes its team as experienced operators and committed investors. It says its strength comes from combining practical operating experience with a partnership approach that focuses on founders and their long-term visions.

Five strategies under one firm

NewSpring offers five platforms. NewSpring Growth partners with technology companies to build sustainable paths to capital-efficient growth. NewSpring Healthcare brings industry-specific operating experience to healthcare services companies. NewSpring Mezzanine provides flexible capital that supports growth, creates liquidity, funds acquisitions and releases long-term value for companies and sponsors. NewSpring Holdings works with industry leaders building people-driven businesses in the digital transformation economy. NewSpring Franchise supports franchisors and multi-unit owners who want to grow.

Operators who have built businesses

The firm says many of its investment professionals have built businesses themselves. They have met payroll, made hard decisions and learned from setbacks, and NewSpring argues that this experience, combined with more than 25 years of investing, gives it a view that few other firms can match. Its team includes former chief executives and investors from the industries it invests in, and it presents that background as a source of practical value for management teams.

Holdings, exits and the lower-middle market

NewSpring Holdings has documented a platform's path from investment to exit. The firm describes how it sold its position in Avantus Federal to QinetiQ, after growing a sub-scale government services provider into a larger business. The firm also reports other transaction activity, including investments in manufacturing and traffic safety businesses. It uses these examples to show how it builds companies over several years.

Industries, partnership and a broad view of growth

Across its strategies, NewSpring says it looks for management teams with scalable models in markets that offer opportunity. Its industries range from software as a service to manufacturing and franchise businesses. The firm believes in bringing material value to management teams as well as capital, and it describes its work as helping businesses reach their strongest outcome during an important period of growth.