United States · Investor

NewSpring

Filed with the SEC to raise a fund in Dec 2024, closing $105M. Last cheque observed Aug 2023.

QuietNew fund $105M, Dec 2024Private equity

SeedSeries ASeries BHealthcareFranchise

Cheques on record
0%of best year0cheques in 12 months, 57 on record
Since the last cheque1159days00hrs00min00sec
Median round$20MRounds led3 of 57Sole investor13 roundsExits10 from the portfolioMostly inUnited States, 100%
Pitch NewSpring

NewSpring highlights

  1. 01

    57 rounds on record

  2. 02

    Mostly Series A and Venture: 60% of its rounds

  3. 03

    Sole investor in 13 rounds, median $11M

  4. 04

    10 exits from the portfolio

What they do

For more than 25 years, NewSpring has partnered with high-potential companies in the lower-middle market, delivering the guidance and capital they need at critical inflection points.From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
HealthcareFranchise
Based in
Berwyn, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first57 appearances

  1. 2023

    1 round

  2. Aug
  3. 2019

    3 rounds

  4. Oct
    VacasaSeries C · US · FinSMEs$319MWith 3 others
  5. Oct
    CeligoSeries B · US · FinSMEs$20MLed
  6. Jun
    DstilleryUS · FinSMEs$5.9MLed
  7. 2018

    1 round

  8. Oct
    VacasaUS · FinSMEs$64MWith 3 others
  9. 2017

    6 rounds

  10. Nov
    IntersectionUS · FinSMEs$150MWith 1 other
  11. Oct
    Fox Rent-A-CarDebt · US · FinSMEs$25MWith 2 others
  12. Oct
    VacasaSeries B · US · FinSMEs$104MWith 2 others
  13. Oct
    EnergageUS · FinSMEs$15MWith 2 others
  14. Apr
    Lynn ElectronicsUS · Philly$14MSole investor
  15. Mar
    Sussex WireUS · FinSMEs$12MSole investor
  16. 2016

    4 rounds

  17. Dec
    ncgCareUS · FinSMEs$5.0MSole investor
  18. Oct
    SeniorlinkUS · FinSMEs$7.5MSole investor
  19. Aug
    InteractionsFinSMEs$56MWith 2 others
  20. Jun
    Relay NetworkUS · FinSMEs$12MSole investor
  21. 2015

    7 rounds

  22. Oct
    Verisma Systems, Inc.Venture · US$1.2MWith 3 others
  23. Oct
    MobiquityVenture · US$5.0MWith 1 other
  24. Sept
    CallMinerVenture · US$16MWith 3 others
  25. Jul
    ContinuumRxVenture · US$14MSole investor
  26. Mar
    USPack LogisticsUSUndisclosedSole investor
  27. Feb
    Message SystemsSeries C · US$27MWith 2 others
  28. Jan
    SiteSpectGrowth · US$13MSole investor
  29. 2014

    7 rounds

  30. Dec
    SpeedConnectVenture · US$18MWith 1 other
  31. Oct
    Paragon BioservicesSeries A · US$13MWith 1 other
  32. Sept
    RightCare SolutionsSeries B · US$4.0MSole investor
  33. Sept
    DialogTechSeries E · US$30MWith 6 others
  34. Aug
    MobiquitySeries B · US$5.0MSole investor
  35. Aug
    DstillerySeries C · US$24MWith 3 others
  36. Jun
    TrialScopeVenture · US$10MWith 2 others
  37. 2013

    5 rounds

  38. Aug
    Open Road Integrated MediaSeries C · US · finsmes.com$11MWith 3 others
  39. Jul
    VidSysGrowth · US · finsmes.com$16MWith 2 others
  40. Jul
    VelociDataVenture · US · velocidata.com$10MWith 2 others
  41. Jun
    3Pillar GlobalSeries A · US · finsmes.com$12MSole investor
  42. Jun
    MobiquitySeries B · US · finsmes.com$12MWith 2 others
  43. 2012

    2 rounds

  44. Sept
    eXelateSeries C · US · finance.yahoo.com$12MWith 3 others
  45. Apr
    FirstBestVenture · US · masshightech.com$10MWith 1 other
  46. 2011

    4 rounds

  47. Sept
    PutneySeries C · US · pehub.com$21MWith 1 other
  48. Jul
    QuintiqUS · finsmes.comUndisclosedWith 1 other
  49. Apr
    Relay NetworkSeries A · US$6.0MWith 2 others
  50. Mar
    Core Essence OrthopaedicsSeries B · US · pharmaceuticals.einnews.com$12MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration15 named

APAndrew P. PanzoMember of NSM SBIC II GP, LLC.iFiling they signed
BRBrian R. MurphyVice President and Member of NSM SBIC II GP, LLC.iFiling they signed
GTGlenn T. RiegerManaging MemberiForm ADV
GWGregory W. BargerVice PresidentiFiling they signed
JAJames AshtonMember of the Board of ManagersiFiling they signed
JSJonathan Spencer SchwartzChief Financial Officer, Treasurer and Secretary of issuer's Managing MemberiFiling they signed
LGLee GarberManager of the General PartneriFiling they signed
LRLeonard ReinhartDirectoriFiling they signed
MRMarc Richard LedermanChief Operating Officer, Secretary and Member of NSM SBIC II GP, LLC.iFiling they signed
MAMichael Anthony DipianoChief Executive Officer of the General PartneriFiling they signed
MAMichael AshkerDirectoriFiling they signed
PSPatrick SugrueManager of the General PartneriFiling they signed
SPSatya PonnuruManager of the General PartneriFiling they signed
SDSteven D. HobmanPresident and Member of NSM SBIC II GP, LLC.iFiling they signed
WMWalter ManerChief Executive Officer and Assistant Secretary of Issuer's Managing MemberiFiling they signed

We also hold 76 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$3.3Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Newspring Capital, LLC
SEC number
CRD 160608

Funds on its Form ADV

26 private funds, $3.2B in gross assets · filed Mar 2024

  1. NewSpring Mezzanine Capital IV, L.P.Private equity62 investors$419M
  2. NewSpring Growth Capital III, L.P.Private equity63 investors$369M
  3. NewSpring Growth Capital IV, L.P.Private equity51 investors$365M
  4. NewSpring Growth Capital V, L.P.Private equity146 investors$332M
  5. NewSpring Mezzanine Capital V, L.P.Private equity60 investors$321M
  6. NSH Verisma Holdco, L.P.Private equity31 investors$313M
  7. NewSpring Health Capital IV, L.P.Private equity150 investors$230M
  8. NewSpring Mezzanine Capital III, L.P.Private equity31 investors$175M
  9. NewSpring Holdings Parallel, LLCPrivate equity2 investors$124M
  10. NewSpring Holdings LLCPrivate equity10 investors$108M

And 16 more on the filing.

Exits from the portfolio

Companies it backed that were later bought or listed10 in all

iPipelineBought by Thoma BravoUndisclosedAug 2015
PrecyseBought by Pamplona Capital ManagementUndisclosedJun 2015
eXelateBought by Nielsen Holdings$200MMar 2015
RedPath Integrated PathologyBought by PDI,Inc.UndisclosedNov 2014
QuintiqBought by Dassault Systemes$337MJul 2014
EKR TherapeuticsBought by Cornerstone Therapeutics$150MMay 2012
CorrectNetBought by VistaOneUndisclosedMay 2011
Immune ControlBought by Corridor PharmaceuticalsUndisclosedJun 2010
RedPath Integrated PathologyBought by ExonHit Therapeutics$32MApr 2010
The FeedRoomBought by KIT digital$10MOct 2009

An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

X5 SolutionsUndisclosedFeb 2015

Who they invest alongside

The investors most often in the same rounds as NewSpring. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies NewSpring put money into.

Quick answers about NewSpring

What does NewSpring invest in?

NewSpring invests most often at Series A and Venture (60% of the rounds on record), in sectors such as Healthcare and Franchise.

How active is NewSpring?

57 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Aug 2023.

What has NewSpring invested in recently?

Its most recent investments on record: AeroSafe Global (Growth, Aug 2023), Vacasa (Series C, Oct 2019) and Celigo (Series B, Oct 2019).

How big are NewSpring's cheques?

The median round it joins is $20M.

Does NewSpring lead rounds?

Sometimes: it led 3 of its 57 investments on record (5%).

Where does NewSpring invest?

Most of the companies it backs are in the United States (100%).

Is NewSpring investing now?

No investments in the last 12 months; the latest was in Aug 2023.

Who does NewSpring invest alongside?

Most often LLR Partners (3 rounds together), Quaker Partners (3 rounds together) and Assurant Growth Investing (2 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it