New Capital Partners has closed its second fund with $140 million in capital commitments. The private equity firm focuses on small-cap and lower mid-market businesses in the southeastern U.S. and Texas. Atlantic-Pacific Capital served as fund placement agent.
Atlantic-Pacific Capital, Inc., the largest independent global placement agent for alternative investment funds and direct private placements, today announced the oversubscribed final closing of New Capital Partners Private Equity Fund II (“Fund II”) with $140 million of capital commitments. Atlantic-Pacific Capital acted as the exclusive global placement agent for the fund.
“We would like to congratulate the New Capital Partners team. Their exceptional track record and refreshing strategy proved to attract positive attention in a strenuous fundraising environment. We look forward to continuing our relationship with the team and wish them success as they execute their strategy,” said Stephen Salyer, Principal at Atlantic-Pacific Capital.
Based in Birmingham, Alabama and with offices in Dallas, Texas, New Capital Partners invests in micro and lower middle-market high growth companies in the healthcare, financial services and business services sectors primarily located in the underserved markets of the southeastern United States and Texas.
About New Capital Partners
New Capital Partners concentrates on creating value in micro and lower middle-market businesses primarily located in the underserved markets of the southeastern United States and Texas. New Capital Partners (“Fund I”) invested in 10 portfolio companies. Fund I has realized two investments including HospiScript Services, LLC, the #2 provider of pharmacy services to the Hospice industry, and Awarix, Inc. which was the leading provider of enterprise patient care visibility solutions for hospitals. Fund I portfolio also includes Senior Whole Health, the senior care organization which was named by Inc. magazine in September 2008 as the #1 fastest-growing private company in the US. For further information, please visit http://www.newcapitalpartners.com
About Atlantic-Pacific Capital, Inc.
With offices in North America, Europe and Asia, Atlantic-Pacific Capital, Inc. is a leading global placement agent solely dedicated to raising capital for alternative investment funds and direct private placement transactions. Typical projects include private equity, real estate and hedge fund placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised in excess of $38 billion for its clients and has developed relationships with over 4,000 alternative investors worldwide. For more information, please visit www.apcap.com