NEW CAPITAL PARTNERS
NEW CAPITAL PARTNERS is a Series C+ and buyout fund in Texas, the US and Southeastern US writing $5M–$100M checks into healthcare-tech, financial-tech and business-services.
- Stages
- Series C+, buyout
- Sectors
- healthcare-tech, financial-tech, business-services
- Check size
- $5M–$100M
- Invests in
- Texas, US-wide, Southeastern US
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2001
- Assets under management
- $232M
- Website
- newcapitalpartners.com
Thesis
New Capital Partners (NCP) is a private equity firm founded in 2001, headquartered in Birmingham, Alabama, with a secondary office in Dallas, Texas. NCP operates with a thesis-driven approach, aiming to build 'Great Companies' through strong partnerships with management teams, leveraging their collective experience as former operators and entrepreneurs. The firm targets niche, tech-enabled services companies within specific sectors where they possess deep expertise, primarily focusing on Healthcare Technology & Services, Financial Technology & Services, and Business Technology & Services. NCP prefers to invest in founder-owned, lower middle-market companies with revenues between $5M and $150M, EBITDA of $3M+, characterized by growth track, high margins, recurring revenue, and scalable business models, and holding a market-leading position in an industry niche. Geographically, they focus on U.S.-headquartered companies, with a primary emphasis on the Southeastern United States and Texas. NCP employs various investment strategies including growth capital, add-ons, buyouts, mergers, acquisitions, and recapitalizations. They are open to leading investments, taking majority or minority stakes, and co-investing, with typical lead investment sizes ranging from $5M to $100M. The firm has managed substantial private equity funds, with Fund III closing at $232 million in 2014 and Fund II closing at $140 million in 2009.
Common questions
Does NEW CAPITAL PARTNERS invest at the Series C+ stage?
Yes. NEW CAPITAL PARTNERS lists Series C+ and buyout among the stages it invests in.
What check size does NEW CAPITAL PARTNERS write?
NEW CAPITAL PARTNERS writes $5M–$100M checks.
Where does NEW CAPITAL PARTNERS invest?
NEW CAPITAL PARTNERS invests in Texas, the US and Southeastern US.