NewSpring Further Supports Portfolio Company Vacasa by Participating in a $319 Million Series C Investment Round

NewSpring Growth

October 30, 2019 – Radnor, PA - NewSpring (the “Firm”), a family of private equity funds, announced today that NewSpring Growth ("NewSpring"), the Firm’s dedicated growth and expansion strategy, has participated in a $319 million funding round into Vacasa, LLC (“Vacasa” or the “Company”), North America’s largest vacation rental management platform, in a capital raise led by Silver Lake with participation from existing investors, Riverwood Capital and Level Equity.  NewSpring made its initial investment in Vacasa in 2017.

 Vacasa’s integrated technology and services platform provides end-to-end vacation rental property management solutions to homeowners across the globe. The Company’s best-in-class dynamic pricing and multi-channel distribution capabilities help homeowners that switch to Vacasa earn 31% more income on average in their first year. Guests who stay in Vacasa-managed homes have access to local onsite management, professionally cleaned homes, an easy-to-use mobile app, and a dedicated 24/7 guest services team. With its highly scalable platform, Vacasa manages more than 23,000 vacation homes and has hosted over 20 million guest nights since its founding in 2009.

 Vacasa announced on October 23rd that it has finalized its acquisition of Wyndham Vacation Rentals from Wyndham Destinations (NYSE: WYND), the global leader in vacation ownership and exchange, for a purchase price of $162 million.  Vacasa will immediately begin to migrate the Wyndham Vacation Rentals portfolio of 9,000+ homes in 50 destinations into its platform. Vacasa will manage more than 23,000 homes across North America, Europe, Central and South America, and Africa.

 With this new financing, Vacasa plans to further enhance its industry-leading technology platform, accelerate expansion into new markets, and grow new offerings including Vacasa Real Estate, which has evolved from an agent network, to a robust service model that includes brokerages in key vacation rental markets throughout the country.

 “The vacation rental management business is highly fragmented and with Vacasa’s unique, tech-fueled platform, the Company is well-positioned to capture a sizable share of the enormous market opportunity,” said Marc Lederman, NewSpring co-founder and General Partner.  “The exceptional management team behind the helm of this disruptive company has created a highly scalable business, which has grown over 400% since our 2017 investment.  We are thrilled to participate in this latest capital raise.”

 About Vacasa

Whether travelers are looking to book a weekend getaway or the trip of a lifetime, Vacasa is the trusted partner for all things vacation rental. Vacasa homeowners enjoy industry-leading financial returns on their vacation homes, delivered by the company’s unmatched technology platform that adjusts rates in real time and ensures revenue is always maximized. Guests can relax comfortably in one of Vacasa’s 23,000+ professionally managed homes around the world, knowing that 24/7 local teams are just a phone call away. In the past 10 years, Vacasa has grown to become North America’s largest vacation rental management platform and employs more than 5,000 people who are passionate about providing best-in-class service to homeowners, guests, real estate investors and partners. For more information, visit