NewSpring Capital Announces the Successful Raise of its Fourth Growth Equity Fund

Contributed by Tom Paine, Philly Tech News

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May 11, 2017
NewSpring Capital Announces the Successful Raise of its Fourth Growth Equity Fund
RADNOR, PA – May 11, 2017 – NewSpring Capital (“NewSpring” or the “Firm”), a family of private equity funds providing growth and expansion capital, today announced the final close of NewSpring Growth Capital IV, L.P. (“NSG IV” or the “Fund”). The Fund successfully raised $280 million, making it the largest growth fund to date and bringing NewSpring’s total assets under management to $1.7 billion.

NSG IV received strong support from existing and new investors, including a diverse group of family offices, insurance companies, public pension plans, fund of funds, financial institutions, and university endowments. Consistent with the investment strategy of its predecessor funds, NSG IV will maintain its unique approach of partnering with leading growth-stage businesses in the information technology, enabling technology, and business services sectors, with an emphasis on the Mid-Atlantic region.

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