New Water Capital Raises $406 Million for First Private Equity Fund

Published: 13 Jul 2015
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New Water Capital L.P. (“New Water”) announced the first and final close of its inaugural private equity investment fund, New Water Capital Partners, L.P. (“NWC I”). New Water began fundraising in March with an initial target of $250 million and closed at its hard cap of $406 million.

“We are overwhelmed by the tremendous demand for NWC I from an impressive investor base and grateful for the support of our families, friends and partners in the successful launch of New Water,” stated Jason Neimark, one of New Water’s Co-Founders. “The firm’s highly experienced team and focused investment strategy attracted a diverse group of high quality investors in a short amount of time.”

New Water makes control investments in North American lower middle market companies with revenues of approximately $30 million to $300 million in consumer products, retail, and industrial manufacturing and services. NWC I will focus on special-situations investments, such as turnarounds, underperformers, corporate carve-outs, and companies in transition. New Water is led by its partners Jason Neimark, Brian McGee, John Disa and Mark Becker. New Water’s collaborative transaction and operating model is built specifically to support companies in special situations with unique business and operating challenges. New Water’s portfolio companies will leverage its deep acquisition, financing and operating expertise in order to achieve their strategic objectives.

Capstone Partners served as exclusive placement agent for NWC I and Proskauer Rose LLP provided legal counsel.

About Capstone Partners
Founded in 2001, Capstone Partners (www.csplp.com) is a leading independent placement agent focused on raising capital for private equity, credit, real assets and infrastructure firms. Its experienced team of 25 professionals, working from offices in North America, Europe and Asia, is well placed to assist investment firms in the international development of their investor base and complete successful fund raisings in a timely and efficient basis across different cycles.

About New Water Capital
New Water makes control investments in North American lower middle market companies with revenues of approximately $30 million to $300 million in consumer products, retail, and industrial manufacturing & services. NWC I will focus on special-situations investments, such as turnarounds, underperformers, corporate carve-outs, and companies in transition. New Water is led by its partners Jason Neimark, Brian McGee, John Disa and Mark Becker. New Water’s collaborative transaction and operating model is built specifically to support companies in special situations with unique business and operating challenges. New Water’s portfolio companies will leverage its deep acquisition, financing and operating expertise in order to achieve their strategic objectives. For more information please visit NewWaterCap.com.