Private Equity Giant NewSpring Raises $105M

The new private equity initiative aims to close a $250M funding round to support high-growth investments.

November 18, 2024

Overview of Fundraising Milestone

NewSpring Holdings II, L.P., a private equity-focused limited partnership, has successfully raised $105.3 million out of its $250 million target for its latest fund. According to regulatory disclosures, this marks a significant milestone for the fund, which specializes in deploying capital to high-growth private companies across various sectors.

The Delaware-registered entity, incorporated in 2022, operates from Radnor, Pennsylvania. It manages pooled investment funds with a primary focus on private equity. The newly raised capital highlights strong investor interest, despite economic uncertainties.

Key Details from the Filing

• Fund Structure: The offering is exclusively open to accredited investors, with no minimum investment required, enabling broader participation among eligible participants.


• Exemptions Utilized: The fund relies on exemptions under Regulation D, specifically Rule 506(b) and provisions of the Investment Company Act. These exemptions streamline compliance while maintaining exclusivity.


• Investor Participation: Thirty-four investors have already committed to the fund, bringing the raised amount to 42% of its $250 million target.


• Commissions: Sales commissions amounted to $10,000, reflecting efficient fundraising mechanisms with low associated costs.

Investment Goals and Strategy

The fund's capital will primarily support growth-oriented investments in middle-market companies, leveraging NewSpring’s track record of delivering value through operational improvements, strategic guidance, and expansion initiatives. The firm aims to provide significant returns to investors by focusing on scalable, high-performing enterprises.

Forward Outlook

As NewSpring Holdings II continues its fundraising journey, the remaining $144.7 million will be critical for executing its investment strategy. The firm’s established network and historical performance indicate strong potential for full subscription.