NewSpring in 2023: Building value and creating impact within the lower-middle market
January 18, 2024
Thanks to the incredible support of our investors, team members, and portfolio companies, 2023 marked a milestone year for NewSpring. We invested in a record number of 23 lower-middle market companies, reaching 248 total investments made into scalable, capital-efficient businesses. We also continue to add to our network of dedicated operating professionals with the addition of new advisory partners and operating executives.
Let’s look back and reflect on the milestones that have made 2023 a trailblazing year.
$3.3B+
Assets Under Management
$2.9B
Invested Capital
248
Total Investments
112
Total Exits
Recent Investments and Exits
Our consistent focus within the lower-middle market for 24 years has given us the unique ability to identify businesses at a critical moment in their evolution to amplify their potential for growth.
Successful Year of Fundraising
We completed the final close of NewSpring Health Capital IV, receiving strong support from existing and over 55 new investors.
Growing Team
We welcomed 13 new team members who share NewSpring’s mission of partnering with growing lower-middle market companies to create measurable value for business owners and Limited Partners.
Amplifying Growth
Throughout NewSpring’s investment period, we identify core areas where we can leverage our deep operational experience to scale lower-middle market companies. From disciplined M&A with a focus on integration, sophisticated talent management processes and technology, to building out a cohesive business development approach, take a deeper dive to see how NewSpring powers growth.
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Beyond NewSpring’s core team, we’re bolstered by a large and growing value creation team with significant operational experience within critical functional areas of a growing businesses.
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Partner Insight and Advice
NewSpring’s investment team shares c-level operating experience and domain-specific knowledge across a broad array of sectors and industries that is codified into our investment approach. See what they had to say this year:
Bridging the Gap: How Investors Extend the Life of Their Funds
Featuring Anne Vazquez, General Partner
PE Perspectives/Whitepapers
Reassess and Adapt: A Conversation on Pivoting Business Models and Organizational Structures
Featuring Joe DeLuca, Operating Partner
Operating Advice
Top 3 AI Concerns Private Equity Funds Have for Their Portfolio Companies
Featuring Lee Garber, General Partner
Operating Advice
Graham Company's Risk Playbook
Featuring Mike DiPiano, General Partner
PE Perspectives/Whitepapers
Awards and Recognition
Our team members continue to be recognized within our industry and community.
As a Firm we also continue to be recognized for our dedication to our portfolio companies and employees.
Our portfolio companies accomplished great feats
From earning elite recognition within their industries to forging new partnerships, our portfolio companies continue to exceed financial and operational expectations and we can’t wait to see where 2024 takes them.
Thank you again to our investors, dedicated team members, and valued portfolio companies for helping shape 2023 into a year of growth and achievement. As we look forward to the rest of 2024, we eagerly anticipate more milestones and opportunities, including the celebration of NewSpring's 25th anniversary! Until then, happy New Year!