NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised $364.3 million, making it the largest mezzanine fund the Firm has raised to date.
“For investors, this Fund gives them the exciting opportunity to actively participate in the growth of lower-middle market businesses that are transforming our modern economy,” says Steve Hobman, NewSpring General Partner. “We’re thrilled by their support, which enables us to build on the existing momentum of this strategy.”
The Fund has considerable momentum with investments in sectors where NewSpring Mezzanine has significant experience, like manufacturing and business services. With deep relationships in the lower-middle market and a stable, consistent team, NewSpring has the operational advantage to deploy capital in all economic environments. And with the economy at an inflection point, NSM IV will continue to capitalise on the growing demand for flexible capital.
Read more/Source: Private Equity Wire
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