This article was first published on philly.com.
Marc Lederman, partners with Michael DiPiano and the team at NewSpring Capital in Radnor, one of the Philadelphia area's largest stand-alone private-equity investors, brings us up to speed on the firm's recent expansion and prospects:
You know us: we are very operationally-oriented. Skip Maner is here, formerly of Inverness Graham, and TL Ventures. Jim Ashton, who was CEO of SunGard Financial for five years, and headed Premier before SunGard acquired them.
We are north of $1.5 billion [assets under management]. It took us 10 years to grow from $90 million to $500 million, 5 years after that to get to $1 billion, less than 2 years to get to $1.5 billion.