Following Record Years, NewSpring Continues Strategic Growth and Catalyst Approach

Radnor, PA - September 13, 2017 - NewSpring (“the Firm”), a family of private equity funds providing growth and expansion capital, today announced the culmination of more than 18 years of successful capital deployment and realized gains, a newly designed brand to better embody the Firm’s strategic growth and catalyst approach, and plans for the business as it continues to expand.

Having invested in over 130 companies since inception, NewSpring has established itself as a trusted and prudent partner with a strong, dependable track record.  With over $1 billion in capital deployed, the Firm has strategically invested almost $500 million in the last three years and recently surpassed over $1 billion in returned capital to date.  This is as a result of the compounding effects of strategic relationships in a wide-range of industries as well as the maturity and solidity of NewSpring’s long-term, dedicated investment teams leading to better access to investment opportunities that enable the Firm to creatively structure deals and vastly accelerate the rate at which it deploys capital and harvests investments to the benefit of investors. 

“We all know it’s not just about the initial investment; what really matters is partnering with great entrepreneurs, building companies, and bringing those companies to scale,” said Michael DiPiano, Managing Partner of NewSpring. “NewSpring’s focus on creating value for our portfolio companies and, in-turn, our investors is evidenced by our steady cadence of successful exits, as well as this most recent milestone of exceeding $1 billion in realized capital.”

NewSpring’s sustained success in investments has also allowed the Firm to strategically plan for its future. Having doubled its employee count in the last seven years, the Firm has recently promoted Partner and CFO, Jon Schwartz, to President and Chief Operating Officer, a decision that allows NewSpring the continued ability to not only source and invest in the best investment opportunities, but also to continue to provide exceptional services to its Limited Partners and better position the firm and its strategies, collectively, to drive future growth throughout all operational areas. 

“This is an exciting next step in NewSpring’s evolution,” added Michael DiPiano. “Having been with NewSpring for almost 14 years, Jon’s strategic oversight supports our commitment to creating a world-class organization that drives us toward our primary mission of investing in innovative companies and creating real value for those organizations and our investors.”

In response to the Firm’s continued growth, NewSpring recognized the value of not only structuring the organization for sustained success, but also the outward facing brand – recently updated to be more representative of the Firm today, while still preserving the positive brand equity it has earned over the years. In addition, NewSpring has completely overhauled its website to deliver a more user-friendly experience that people expect from an innovative, industry leader.

President and COO Jon Schwartz commented, “NewSpring’s dynamic culture and partnering approach with management teams allows us to stand out in a competitive landscape and continue to support the bold, innovative ideas that help us succeed and grow. Our brand is now more representative of who we are and where we are headed.”

NewSpring will be adding to its geographic footprint come December by doubling its square footage in Radnor, PA. With portfolio companies spanning across the country, office space in Chicago and Baltimore, and teams strategically focused in New York, Boston, and Atlanta, the Firm continues to expand its nationwide presence in an effort to capitalize on compelling deals and deliver impactful results for its entrepreneurs and investors. 

About NewSpring 

Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. When NewSpring invests, they bring a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at