NewSpring Capital Raises $257 Million Mezzanine Fund

NewSpring Capital Raises $257 Million Mezzanine Fund
RADNOR, PA – March 9, 2017 – NewSpring Capital, a family of private equity funds providing growth and expansion capital, today announced the final close of its third mezzanine fund, NewSpring Mezzanine Capital III, L.P. (“NSM III” or the “Fund”). In total, the Fund exceeded its initial target of $200 million and closed at $257.4 million. NSM III received strong support from existing and new investors, including a diverse group of banks, insurers, public plans, financial institutions and individuals. As a Small Business Investment Company (“SBIC”) under the Small Business Administration, NSM III marks the fourth SBIC licence for the Firm.

“Having surpassed our initial target of $200 million, NSM III will enable us to continue to execute on the success of our previous funds,” said Greg Barger, NewSpring General Partner. “We appreciate the continued support of our existing investors and are excited to work with our new limited partners.”

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