TLDR:
- NewSpring, a private equity firm based in Radnor, PA, raised $390M for its fifth mezzanine fund.
- The fund has deployed approximately $273M into 19 companies in various markets.
NewSpring, a private equity firm based in Radnor, PA, has successfully raised $390M for its fifth mezzanine fund. The fund received support from both existing and new investors, including banks, insurers, public plans, financial institutions, and individuals. Operating as a U.S. Small Business Administration SBIC, NewSpring’s NSM V fund builds on the firm’s history within the SBIC program, allowing it to leverage additional funding to support lower-middle market businesses.
With rapid deployment of approximately $273M into 19 companies in the business and consumer services, niche manufacturing, distribution, and healthcare markets within just 18 months, NewSpring Mezzanine attributes its success to its industry knowledge, extensive networks, and focus within the lower-middle market. The firm partners with business owners, either independently or with other financial sponsors, to provide a range of flexible mezzanine debt and equity solutions, along with access to deep operational resources.
The team at NewSpring Mezzanine includes two dedicated operating professionals with extensive experience in executing key growth initiatives at expanding businesses. This allows portfolio companies to receive strategic guidance and operational support to navigate complex operating challenges and optimize opportunities that arise in the lower-middle-market sector, helping them achieve their full potential.
