NewSpring
NewSpring Capital is a Radnor, Pennsylvania-based private equity firm founded in 1999 that invests exclusively in the lower-middle market through five distinct strategies (Growth, Healthcare, Mezzanine, Holdings, Franchise), managing $3.5B+ in AUM with 70+ professionals and 250+ cumulative investments.
- Company typePrivate
- Founded1999
- HeadquartersRadnor, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What NewSpring does
NewSpring Capital is a private equity firm founded in 1999 and headquartered in Radnor, Pennsylvania, that invests exclusively in the lower-middle market through five distinct strategies: Growth (technology-focused growth equity), Healthcare (healthcare services), Mezzanine (flexible debt capital), Holdings (buyout/control in digital transformation and government services), and Franchise (franchise businesses). The firm manages $3.5 billion+ in assets under management and has executed 250+ investments across its 25+ year history with a team of 70+ professionals, many of whom have prior operating experience as founders, CEOs, or operating executives.
The firm does not develop proprietary technology products; instead, it leverages thesis-driven sourcing, operational playbooks, and a multi-strategy platform to identify, acquire, and grow lower-middle market companies typically generating $10M–$100M in revenue. Notable portfolio companies span technology (C Speed, CoreX, CallMiner, Sorcero), healthcare (Honest Health, BetterNight, Paragon Bioservices), business services (Magna5, B/Core, Boston Valley Terra Cotta), and consumer (Duck Donuts, Blo Blow Dry Bar).
NewSpring generates revenue through traditional private equity mechanisms: recurring management fees on assets under management across its multiple funds, supplemented by carried interest (performance fees) realized through successful portfolio company exits. The firm targets qualified institutional and high-net-worth investors via private placement memoranda and pursues deals through direct, relationship-based sourcing with founders and management teams at critical business inflection points.
NewSpring firmographics
Firmographics- Name
- NewSpring
- Legal name
- NewSpring Capital
- Website
- https://newspringcapital.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- NewSpring Capital is a Radnor, Pennsylvania-based private equity firm founded in 1999 that invests exclusively in the lower-middle market through five distinct strategies (Growth, Healthcare, Mezzanine, Holdings, Franchise), managing $3.5B+ in AUM with 70+ professionals and 250+ cumulative investments.
- Ownership category
- akta.pro rank
NewSpring industry classification
Industry- Product category
- Private Equity Investment Management
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Private Equity Fundraising Placement (FSAEALAB)
Keywords
Where NewSpring is headquartered
LocationHeadquarters
- HQ city
- Radnor
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
NewSpring business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Private Equity Management: NewSpring generates revenue through traditional private equity mechanisms including management fees on funds under management and carried interest (performance fees) from successful portfolio company exits. The firm operates five distinct investment strategies targeting the lower-middle market.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
NewSpring product offering
Product offeringCore offering
NewSpring is a private capital firm that provides growth equity, buyout, mezzanine, healthcare-focused, and franchise capital to lower-middle market companies in the United States. The firm invests capital from institutional and high-net-worth investors into portfolio companies, then supports those companies with operational expertise at critical inflection points to drive growth and exit returns.
Product overview
NewSpring is a private capital firm operating as a unified platform across five distinct investment strategies: NewSpring Growth (technology-focused growth equity), NewSpring Healthcare (healthcare services investing), NewSpring Mezzanine (flexible debt capital), NewSpring Holdings (buyout strategy for digital transformation), and NewSpring Franchise (franchise business investing). Together, these strategies target high-potential companies in the lower-middle market, delivering capital and operational expertise at critical inflection points.
Differentiator
Problem solved
Functional benefit
Brands
- NewSpring Growth: Investment strategy focused on technology companies to create sustainable pathways for capital-efficient growth
- NewSpring Healthcare
- NewSpring Mezzanine
- NewSpring Holdings
- NewSpring Franchise
Products and services
- NewSpring Growth Growth equity investment strategy partnering with technology companies in the lower-middle market to deliver capital and operational expertise for capital-efficient growth.
- NewSpring Healthcare Healthcare services investment strategy deploying capital to healthcare companies that improve care delivery or reduce costs through technology and human capital efficiencies, led by an industry-specific operator team.
- NewSpring Mezzanine Mezzanine debt investment strategy providing flexible capital to companies and sponsors to fuel growth, liquidity, acquisitions, and long-term value creation.
- NewSpring Holdings Buyout/control investment strategy partnering with industry leaders to build people-driven businesses, with focus on government services and technology-enabled businesses at the forefront of the digital transformation economy.
- NewSpring Franchise Franchise-focused investment strategy partnering with franchisors and multi-unit business owners to spur strong growth in franchise businesses in the lower-middle market.
Quantifiable outcome
- $590 million exit achieved through sale of Avantus Federal
- +5 more outcomes
Companies that use NewSpring
Customer profileNamed customers12 records
Segments1 record
Ideal customer profiles2 records
NewSpring technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NewSpring partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- BigBear.aicoreBigBear.ai and C Speed (NewSpring Holdings platform company) partnered to deliver AI-enabled threat detection and response platform for defense and homeland security missions, integrating ConductorOS AI with LightWave Radar system.
- Sammons Financial GroupminorSammons Financial Group signed definitive agreement to acquire Wealthcare LLC from NewSpring Holdings, expanding presence in wealth management space.
Scale indicators12 records
Recent moves9 records
Expansion highlights6 records
NewSpring competitors and assessment
Company assessmentDirect peers
- NMS Capital: NMS Capital is a lower-middle market private equity firm focused on services, healthcare, and consumer companies, employing a thesis-driven, operationally intensive approach. It is comparable to NewSpring given the shared lower-middle market focus and diversified service/healthcare/consumer orientation.
- LLR Partners: LLR Partners is a lower-middle market private equity firm investing in growth-oriented technology, services, and healthcare businesses. It is highly comparable to NewSpring given its similar lower-middle market focus, multi-strategy approach, and emphasis on growth capital and partnership with founders.
- Susquehanna Growth Equity: Susquehanna Growth Equity is a lower-middle market growth equity firm focused on software, internet, and technology-enabled services. It directly parallels NewSpring Growth's thesis of capital-efficient technology investing in the lower-middle market with similar check sizes.
- Trinity Hunt Capital Partners: Trinity Hunt is a lower-middle market private equity firm partnering with founder-led, growth-stage businesses across business services, consumer, and healthcare. Its strategy, deal size, and founder-friendly orientation closely mirror NewSpring's lower-middle market playbook.
- Mainsail Partners: Mainsail Partners is a growth equity firm focused on bootstrapped, founder-led lower-middle market companies in software and services. It is directly comparable to NewSpring Growth given the overlapping technology focus, lower-middle market check sizes, and operator-led partnership model.
- Sterling Group: Sterling Group is a lower-middle market private equity firm that partners with management teams of industrial, distribution, and business services companies. It is comparable to NewSpring Holdings given its similar buyout approach, middle-market check size, and operational partnership style.
- Pine Tree Equity Partners: Pine Tree Equity Partners is a lower-middle market private equity firm investing in branded consumer products, specialty retail, and business services. It is directly comparable to NewSpring's Franchise and consumer-products strategy focus.
- Hamilton Robinson Capital Partners: Hamilton Robinson is a lower-middle market private equity firm focused on industrial, consumer, and business services companies, with a founder-friendly, operationally engaged approach. It closely mirrors NewSpring Holdings' buyout strategy in the lower-middle market.
- L Squared Capital Partners: L Squared Capital Partners is a lower-middle market private equity firm investing in technology-enabled services, education, and healthcare businesses. It is directly comparable to NewSpring Growth given its technology-enabled services and healthcare services focus in the lower-middle market.
- Long Point Capital: Long Point Capital is a lower-middle market private equity firm focused on founder- and family-owned businesses across consumer, services, and industrial sectors. It is directly comparable to NewSpring given the shared lower-middle market check sizes, founder-friendly approach, and multi-sector flexibility.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
NewSpring social profiles
Digital presenceNewSpring financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewSpring leadership team
Management profileNumber of profiles
Profiles12 records
NewSpring subsidiaries and ownership
Company hierarchySubsidiaries6 records
NewSpring funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewSpring M&A and investment
M&A and investmentM&A8 records
Investments175 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewSpring
What does NewSpring do?
NewSpring is a private capital firm that provides growth equity, buyout, mezzanine, healthcare-focused, and franchise capital to lower-middle market companies in the United States. The firm invests capital from institutional and high-net-worth investors into portfolio companies, then supports those companies with operational expertise at critical inflection points to drive growth and exit returns.
Is NewSpring a public or private company?
NewSpring is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NewSpring founded?
NewSpring was founded in 1999. It employs 1 to 10 people.
Where is NewSpring based?
NewSpring is headquartered in Radnor, United States, in the North America region.
How does NewSpring make money?
One revenue line is on record: private Equity Management.
Who are NewSpring's main competitors?
Direct peers on record are NMS Capital, LLR Partners, Susquehanna Growth Equity, Trinity Hunt Capital Partners, Mainsail Partners, Sterling Group, Pine Tree Equity Partners, Hamilton Robinson Capital Partners, L Squared Capital Partners and Long Point Capital.
Does NewSpring have an API?
No public API is recorded for NewSpring.
What industry is NewSpring in?
NewSpring's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSAEALAB, Private Equity Fundraising Placement. Its SIC code is 6282.