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 USD364.3 million, making it the largest mezzanine fund the Firm has raised to date.

NewSpring Mezzanine provides a wide range of flexible mezzanine debt and equity solutions, combined with deep operational expertise for growing lower-middle market companies in resilient, expanding industries.

NSM IV provides an option to invest in a Small Business Investment Company (SBIC) Fund, NewSpring’s fifth SBIC license, and received strong support from existing and new investors, including a diverse group of banks, insurers, public plans, financial institutions, and individuals.

“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.”

Read more/Source: Private Equity Wire