New State Capital Partners Surpasses Expectations with $700 Million Fund IV Closure

New State Capital Partners Exceeds Expectations with $700 Million for Fund IV

In a recent announcement, New State Capital Partners, an emerging player in the private equity sector, declared the successful closing of its fourth fund, Fund IV, at an impressive $700 million. This closure marks a remarkable achievement, surpassing the firm’s original fundraising target and demonstrating solid investor confidence. The fundraising process for Fund IV was completed within a short span of six months, indicative of the strong demand for investment opportunities under New State's experienced management.

Since its inception, New State Capital has raised a total of $1.8 billion, thanks in large part to its strategic focus on high-quality, founder-led businesses. The investment strategy is designed not just to generate returns, but also to create lasting value by nurturing and scaling up businesses, ensuring effective alignment between the firm and its investors.

Among the diverse investor base that has supported Fund IV are endowments and foundations, public pension plans, family offices, high-net-worth individuals, and even insurance companies from both North America and Europe. To enhance trust and alignment, New State's professionals further committed $60 million to the fund via the general partner, reinforcing a shared vision of success.

David Blechman, the founder of New State Capital, remarked on the significance of this milestone: "This milestone underscores the trust investors have in our strategy and our platform. We are focused on investing in, and scaling, high-quality, founder-led businesses. We are excited to deploy Fund IV while continuing our disciplined approach to value creation."

New State Capital has a strong track record, having completed over 45 acquisitions since its founding. Their sourcing model is highly differentiated, supported by robust relationships within the independent sponsor community, making it proficient in identifying attractive investment opportunities. This unique approach has allowed New State’s team to provide hands-on support, driving portfolio growth effectively.

The firm prides itself on its impressive team structure, comprised of 34 professionals, including 12 members in leadership roles and a dedicated in-house operations team of 10. This operational expertise is crucial for supporting the portfolio companies and aligning closely with their growth objectives. Recently, the firm welcomed three key strategic hires: a Vice President for the Investment Team, a Senior Principal focused on business strategy, and an Operating Partner with a specialty in enhancing revenue growth. These strategic additions enhance New State’s capability to support its investments and maximize value creation effectively.

New State Capital’s operations will be guided by Kirkland & Ellis LLP as fund counsel, with Harris Williams Private Capital Advisory Ltd. acting as the placement agent, ensuring a smooth process for Fund IV’s investors.

In conclusion, as the private equity landscape continues to evolve, New State Capital Partners' ability to attract significant capital while maintaining a growth-oriented investment strategy places it in an advantageous position for future success. With Fund IV now poised to make an impact, all eyes will be on New State to see how it will deploy these resources in the marketplace to create even greater value for its partners and portfolio companies alike.

For those interested in learning more about New State Capital Partners and its investment philosophies, additional information is available at www.newstatecp.com.