NewSpring Invests in Leading Specialty Pharmacy

Radnor, PA
August 22, 2018

NewSpring (the “Firm”), a family of private equity funds, announced today that NewSpring Mezzanine (“NewSpring”), the Firm’s dedicated mezzanine strategy, has made an investment in Total Care RX, Inc. (“Total Care RX” or the “Company”) alongside Gemini Investors and Celerity Partners. Proceeds from the transaction will be used to finance the growth of the existing platform.

Founded in 2002, Total Care RX is a specialty pharmacy headquartered in Flushing, New York focused on filling, managing, and delivering medication for chronically ill patients, primarily organ transplant recipients and residents in long-term care facilities. The Company specializes in managing and delivering treatment regimens to all disease types with a focus on transplant care, cystic fibrosis, HIV, Hepatitis C, oncology, and nutritional care.

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NewSpring Holdings Completes Series B Round Driving Continued Growth and Scale to Platform Companies

Radnor, PA – September 27, 2017 – NewSpring (“the Firm”), a family of private equity strategies providing growth and expansion capital, announced today that NewSpring Holdings LLC (“Holdings”), the Firm’s dedicated buyout strategy, has completed a Series B financing round of preferred investment led by 17Capital. Proceeds from the round will go toward the strategic growth and expansion of NewSpring Holdings’ four existing platform portfolio companies and the acquisition of additional platforms.

Launched in 2013 and uniquely structured as a holding company, NewSpring Holdings was formed to execute a buy and build strategy with up to six platform investments in the tech-enabled services sector. Holdings’ capital structure enables the team to execute in a manner similar to that of a traditional private equity fund, but with a differentiated horizon model that allows for enhanced flexibility to maximize portfolio value.

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

Contributed by Tom Paine, Philly Tech News

2017 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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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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