NEW HARBOR CAPITAL
NEW HARBOR CAPITAL is a Series C+ and buyout fund in the US writing $10M–$40M checks into Healthcare, education, technology-enabled-services and business-services.
- Stages
- Series C+, buyout
- Sectors
- Healthcare, education, technology-enabled-services, business-services
- Check size
- $10M–$40M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2013
- Assets under management
- >$400M
Thesis
New Harbor Capital is a private equity firm founded in 2013 and headquartered in Chicago, Illinois. They specialize in the lower middle market, focusing on growth-oriented, founder-owned companies. Their investment thesis centers on partnering with companies in healthcare, education, and technology-enabled services. In education, their focus is on technology-leveraged businesses for learning and training, particularly for healthcare professionals. They also invest in companies enhancing service delivery efficiency through technology. New Harbor Capital prefers control-oriented, growth equity investments and utilizes a 'buy-and-build' strategy, backing founder-led companies with initial control equity and pursuing strategic follow-on acquisitions. Key investment criteria include large, growing, fragmented industries, strong customer value propositions, multiple growth paths, sustainable competitive advantages, and a focus on quality and compliance. The firm has over $400 million in capital under management, with Fund III closing at $362 million in 2021 and Fund IV targeting $400 million. They typically invest equity between $10 million and $40 million per deal, targeting scalable companies with $2-15 million of EBITDA.
Common questions
Does NEW HARBOR CAPITAL invest at the Series C+ stage?
Yes. NEW HARBOR CAPITAL lists Series C+ and buyout among the stages it invests in.
What check size does NEW HARBOR CAPITAL write?
NEW HARBOR CAPITAL writes $10M–$40M checks.
Where does NEW HARBOR CAPITAL invest?
NEW HARBOR CAPITAL invests in the US.