New Harbor Capital
New Harbor Capital is a Chicago-based lower middle-market private equity firm founded in 2013 that invests $10-40 million of equity in founder-owned companies with $2-15 million of EBITDA across healthcare, education, and technology-enabled services verticals, partnering with management to drive growth through add-on acquisitions and operational support.
- Company typePrivate
- Founded2013
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What New Harbor Capital does
New Harbor Capital is a Chicago-based lower middle-market private equity firm founded in 2013 by partners who previously worked together at CHS Capital. The firm partners with founder-owned growth companies in three thesis-driven verticals: healthcare (provider services, pharma/pharmacy, healthy living and wellness, outsourced post-acute services, animal health), education (skills assessment, training, workforce development), and technology-enabled services (lab/testing, property services, outsourced technology). It targets companies with $2-15 million of EBITDA for $10-40 million equity checks, typically taking majority control positions through growth buyouts and recapitalizations while partnering with founders and management.
The firm's operating model emphasizes collaboration over traditional buyout dynamics. It builds strategic boards typically populated with three outside independent directors, recruits management talent, guides corporate development and M&A, and supports technology and productivity investments across portfolio companies. Since 2000, partners have executed over 30 platform investments and 230+ strategic add-on acquisitions; since founding in 2013, the firm has partnered with 24 founder teams, nearly all of whom reinvested in subsequent New Harbor funds. An Executive Advisor network of former PE-backed operators (Heartland Dental, Wedgewood Pharmacy, AMF Bowling, CIMCO, among others) co-invests in the deals it advises on, providing operating leverage.
New Harbor generates revenue through traditional private equity fund management economics: management fees on committed or invested capital and carried interest on fund returns, funded by limited partners via institutional capital. The firm is privately held by its founding partners and operates as New Harbor Capital Management, LLC under Illinois governing law, with offices at 500 W Madison in Chicago. The firm does not publicly disclose AUM, revenue, or fund size. It has been recognized on Inc.'s Founder-Friendly Investors list for six consecutive years (2020-2025) and on the Inc. Private Equity 50 list in 2020.
New Harbor Capital firmographics
Firmographics- Name
- New Harbor Capital
- Legal name
- New Harbor Capital Management, LLC
- Website
- https://newharborcap.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- New Harbor Capital is a Chicago-based lower middle-market private equity firm founded in 2013 that invests $10-40 million of equity in founder-owned companies with $2-15 million of EBITDA across healthcare, education, and technology-enabled services verticals, partnering with management to drive growth through add-on acquisitions and operational support.
- Ownership category
- akta.pro rank
New Harbor Capital industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Small-Cap / Micro-Buyout (FSANABAD)
Keywords
Where New Harbor Capital is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New Harbor Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management: Private equity firm generates returns through management fees and carried interest from investment returns on their portfolio companies. They partner with growth-oriented founder-owned companies and create value through operational improvements, strategic acquisitions, and scale expansion.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
New Harbor Capital product offering
Product offeringCore offering
New Harbor Capital is a lower middle-market private equity firm that invests $10-40 million of equity in founder-owned growth companies with $2-15 million of EBITDA. The firm executes growth buyouts, recapitalizations, and majority/minority control positions primarily in the healthcare, education, and technology-enabled services sectors. In addition to capital, NHC provides strategic guidance through board participation, management team building, M&A support, and access to its Executive Advisor network.
Product overview
New Harbor Capital is a lower middle-market private equity firm that provides investment capital and strategic partnership services to growth-oriented companies. The firm does not offer a traditional product or software platform; instead, it offers private equity investment services including growth buyouts, recaps, and majority/minority control positions. The firm's investment thesis focuses on three primary sectors: Healthcare (including provider services, pharma services, healthy living and wellness, and outsourced post-acute services), Education (including skills assessment and training), and Technology-Enabled Services (including lab and testing services, property services, and outsourced technology services). The firm provides capital investments typically ranging from $10-40 million to companies with $2-15 million of EBITDA, along with strategic guidance, operational support, and access to a network of executive advisors. The firm's approach includes building strategic boards of directors, developing management teams, guiding corporate development and acquisitions, and supporting productivity improvements through technology investments.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Buyout Investments
Quantifiable outcome
- Over 30 platform investments and 230+ add-on acquisitions completed since 2000
- +2 more outcomes
Companies that use New Harbor Capital
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles4 records
New Harbor Capital technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
New Harbor Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Executive Advisors NetworkcoreClose network of Executive Advisors who have led successful PE-backed businesses, providing thought leadership and industry expertise. Includes Dr. Rick Workman (Heartland Dental), Pat Bauer (Heartland Dental), Marcy Bliss (Wedgewood Pharmacy), Bill Capraro (CIMCO Communications), Fred Hipp (AMF Bowling), Ed Kuklenski (Suture Express), Michael Locke (Rasmussen Inc.), John Nester (Royall & Company), Paul Reilly, and Tom West. Executive Advisors invest in companies they advise.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
New Harbor Capital competitors and assessment
Company assessmentDirect peers
- CHS Capital: New Harbor Capital's predecessor firm where the founding partners previously collaborated. A lower middle-market PE firm with overlapping thesis focus, comparable check sizes, and shared investment team lineage.
- Linden Capital Partners: Chicago-based healthcare-focused PE firm investing in lower middle-market healthcare companies. Comparable in healthcare vertical specialization and middle-market check sizes, with similar founder partnership approach.
- Sterling Investment Partners: Lower middle-market PE firm focused on founder-led businesses across healthcare, business services, and consumer. Comparable investment approach and founder-friendly positioning with similar check sizes.
- Waud Capital Partners: Chicago-based lower middle-market PE firm targeting healthcare, business services, and specialty industrials. Direct geographic and structural peer with comparable investment criteria and check sizes.
- Shore Capital Partners: Chicago-based lower middle-market PE firm focused on healthcare, food and beverage, and business services. Directly comparable in check size, sector focus, and lower middle-market execution playbook.
- Saw Mill Capital: Lower middle-market PE firm focused on healthcare, industrial tech, and business services. Directly comparable investment criteria, vertical focus, and lower middle-market execution model.
- Princeton Equity Group: Lower middle-market PE firm focused on healthcare, education, and tech-enabled services with strong operational support model. Highly comparable thesis focus, check size, and value-creation approach.
- RoundTable Healthcare Partners: Lake Forest, IL-based PE firm exclusively focused on healthcare. Comparable healthcare vertical specialization and middle-market focus with similar founder/management partnership model.
Broad incumbents
- GTCR: Long-established Chicago-based PE firm with broader sector focus and larger AUM. Overlaps in healthcare and tech-enabled services but operates across a wider portfolio and at larger check sizes than NHC.
- Madison Dearborn Partners: Chicago-based PE firm operating across multiple sectors at larger scale. Overlaps in healthcare and education but typically executes much larger transactions than NHC's lower middle-market focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
New Harbor Capital social profiles
Digital presenceNew Harbor Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Harbor Capital leadership team
Management profileNumber of profiles
Profiles12 records
New Harbor Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Harbor Capital M&A and investment
M&A and investmentM&A4 records
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Harbor Capital
What does New Harbor Capital do?
New Harbor Capital is a lower middle-market private equity firm that invests $10-40 million of equity in founder-owned growth companies with $2-15 million of EBITDA. The firm executes growth buyouts, recapitalizations, and majority/minority control positions primarily in the healthcare, education, and technology-enabled services sectors. In addition to capital, NHC provides strategic guidance through board participation, management team building, M&A support, and access to its Executive Advisor network.
Is New Harbor Capital a public or private company?
New Harbor Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was New Harbor Capital founded?
New Harbor Capital was founded in 2013. It employs 11 to 50 people.
Where is New Harbor Capital based?
New Harbor Capital is headquartered in Chicago, United States, in the North America region.
How does New Harbor Capital make money?
One revenue line is on record: fund Management.
Who are New Harbor Capital's main competitors?
Direct peers on record are CHS Capital, Linden Capital Partners, Sterling Investment Partners, Waud Capital Partners, Shore Capital Partners, Saw Mill Capital, Princeton Equity Group and RoundTable Healthcare Partners. Broad incumbents are GTCR and Madison Dearborn Partners.
Does New Harbor Capital have an API?
No public API is recorded for New Harbor Capital.
What industry is New Harbor Capital in?
New Harbor Capital's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANABAD, Small-Cap / Micro-Buyout. Its NAICS code is 5239 and its SIC code is 6799.