NewSpring Capital

NewSpring Capital is an investment firm in Radnor and Short Hills, Pennsylvania. They specialize in investing in various sectors, including technology and healthcare, and have extensive experience as private equity investors and industry leaders.

RainMakers provided NewSpring with a list of thirty-one Introduced Investors; however, NewSpring only assisted in meeting three. According to them, broad discovery would be unduly burdensome and unwarranted.

Founded in 1999

Newsprint Capital stands out among private equity firms with its long-term vision. Established in 1999 and managing over $3 billion of assets, newsprint has invested in over 100 portfolio companies since 1999. It offers senior debt, growth equity, mezzanine financing, buyout solutions, and strategic advice and networking opportunities that help its portfolio companies flourish.

Established in 1999 and headquartered in Radnor, Pennsylvania, Newsprint Capital invests in innovators, makers, and operators of high-performing businesses across diverse industries to stimulate new growth and take advantage of compelling opportunities. Working alongside family-run and owner-operated businesses, newsprint specializes in institutionalizing platforms of scale for growth equity investing as well as control buyouts with mezzanine debt investments totaling more than $2.0 billion managed across four distinct strategies such as growth equity/control buyouts/mezzanine debt investments.

NewSpring Holdings, the firm’s dedicated buyout strategy, focuses on building long-term platform companies by using proven operational methodologies to accelerate the growth of current and future platform investments. Furthermore, NewSpring aims to acquire companies with leading positions in fragmented markets to consolidate them.

Recently, NewSpring has expanded into the broader middle market by investing in companies with revenue over $100 million and up to $250 million enterprise value. Their investment team offers extensive expertise as private equity investors and operational managers at the CEO level; additionally, they possess a vast network of relationships to identify and evaluate prospective acquisition targets.

Recently, NewSpring Capital completed its $120 million investment in Wealthcare Capital Management Inc. – an innovative goals-based financial planning and investment advisory solutions provider for financial advisors and their clients – representing its inaugural transaction for NewSpring Holdings (its dedicated buyout strategy). This asset’s addition demonstrates NewSpring’s platform company strategy as it invests in market leaders that offer unique, differentiated products or services; NewSpring remains committed to expanding its footprint by adding more platform companies through acquisition.

Investing in Technology and Healthcare

newspring capital was established in 1999 as a multi-strategy private equity firm focused on investing in the lower middle market in the US. Offering growth equity and mezzanine financing options, its investment professionals boast over 100 years of collective experience investing privately and publicly across multiple sectors, such as business services, information technology, and healthcare.

NewSpring Capital LLC, with offices in Radnor, PA, and Short Hills, NJ, manages over $400 million across three investment strategies. NewSpring Growth provides growth capital to enterprises within business services, enabling technology information technology sectors. NewSpring Healthcare employs similar buy-and-build methods but specializes in healthcare services such as life sciences research, medical device manufacturing, and IT healthcare sectors. At the same time, NewSpring Mezzanine offers business owners flexible capital solutions.

NewSpring Capital recently contributed $12 Million in a round of funding for Syracuse-based health IT provider Verisma. Our dedicated healthcare fund, NewSpring Healthcare, led this round. Other investors included Richmond, VA-based Blue Heron Capital and Jim Crook, who formerly led IDX Systems Corporation.

Verisma’s platform allows healthcare providers to manage the entire dysphagia diagnosis and treatment process in skilled nursing facilities and senior care sites and improve outcomes and patient satisfaction with long-term care services. Funding from Verisma will allow it to scale its platform further while expanding operations.

NewSpring Capital invested in Patheous Health, a mobile and onsite dysphagia diagnostics provider. Patheous Health provides innovative products and services to assist seniors and patients with swallowing impairment. Their funding will allow the company to increase sales efforts and expand into additional markets.

NewSpring Healthcare recently made an equity investment in Prosperity Behavioral Health, which offers software products designed to assist behavioral healthcare organizations in managing revenue cycle and operational efficiencies more efficiently. The acquisition will allow Prosperity Behavioral Health to expand its software and services portfolio; additionally, NewSpring acquired billing and revenue management company Elevated Billing as part of this deal.

Investing in the Mid-Atlantic Region

NewSpring Capital Partners LLC specializes in the lower middle market, providing growth capital to entrepreneurially-led companies. Their team of professionals strives to build lasting relationships by upholding high standards of integrity and aligning goals and values with entrepreneurs and management teams. NewSpring’s primary objective is to deliver tangible value for business owners and limited partners; their investment focus includes businesses with outstanding track records, successful processes, and sustainable competitive advantages.

Recent investments for this firm include 3Pillar Global, a product development partner that creates software to drive revenue growth for clients; VCI Emergency Vehicle Specialists is an emergency vehicle dealer and service provider for emergency medical services (EMS), hospital organizations, fire departments, first aid squads, and private medical transport companies throughout the Mid-Atlantic region; At the same time, RainMakers is a technology services company offering IT management and security.

NewSpring Capital manages multiple strategies beyond growth equity and buyout investment funds; among these is NewSpring Mezzanine Capital, which offers subordinated debt to small and mid-sized growing companies. NewSpring Mezzanine Capital has over $600 million invested or under management and operates out of Radnor, Pennsylvania; their investments target TMT, healthcare, business products, and services sectors as investments.

NewSpring Capital recently promoted Hart Callahan to Partner of its dedicated growth strategy, NewSpring Growth, which invests in industry-transforming companies with market leadership potential. Callahan joined NewSpring in 2014 and has become adept at every facet of business operation within NewSpring. As a Partner, Callahan will continue playing an instrumental role in fundraising, deal sourcing, portfolio company growth management, and overall firm performance.

NewSpring Growth Capital V LP (NSG V), our fifth growth equity fund, recently closed with solid support from existing and new investors. These new funds will enable the Firm to reach $950 million in committed capital and continue working closely with dynamic companies and their management teams by providing financial resources, strategic guidance, and an influential network to fuel business expansion.

Investing in High-Potential Companies

NewSpring Capital has over $950 million of committed capital, providing dynamic companies with access to vital funds. They aim to work closely with innovative makers and operators, offering resources and experience necessary for market leadership growth. NewSpring offers growth equity funds, control buyout funds, and mezzanine debt funds for their portfolio companies.

NewSpring’s team of private equity professionals boasts an in-depth knowledge of technology, healthcare, and franchise industries – investing in growth-oriented middle market companies with high growth potential that are capable of adding value through operational improvements, acquisitions, and leveraging global networks of partners.

3Pillar Global, a software development company focused on driving client revenue growth, recently secured a Series A preferred stock round of $12 million led by NewSpring Capital and received funding from Kayne Partners and other investors. NewSpring has a history of investing in early-stage software and tech-enabled service businesses.

Growth-oriented middle-market funds from this firm target companies with significant high-growth potential that require additional investments to reach their full growth potential. Their teams have extensive experience partnering with businesses at critical stages of development and have created a vast network of industry experts, investing in sectors such as information services, financial technologies, healthcare, and business processes.

Factory is a venture capital firm in Philadelphia, Pennsylvania, dedicated to supporting entrepreneurs as they establish new businesses and grow them into successful ventures. Their experienced team can assist entrepreneurs with everything from marketing and sales strategies to hiring staff members and understanding the regulatory landscape. Furthermore, Factory offers mentoring advice and invaluable mentoring for its portfolio companies.

JMI Equity is a growth private equity firm with expertise in investing in technology companies. Their team works closely with management teams to help transform them into industry leaders. JMI has completed over 170 investments and boasts a successful record of creating shareholder value.