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NEW Capital Fund
NEW Capital Fund, LP is a private equity limited partnership based in Appleton, Wisconsin. The firm has nearly $10 million of committed capital and focuses on...
NEW Capital Fund
NEW Capital Fund, LP is a private equity limited partnership based in Appleton, Wisconsin. The firm has nearly $10 million of committed capital and focuses on investing in Wisconsin-based early-stage companies. NEW Capital Fund has made 27 investments, including a 2020 investment in Spin Live and 4 portfolio exits, with the latest being Phoenix in 2021.
General information
Firm type
Private Equity
Year founded
2004
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Little Chute
Corporate office
Little Chute, WI, United States
Sector focus
Frequently asked questions
What investment stages does NEW Capital Fund target?
The firm deploys across early-stage seed rounds, growth equity, and late-stage expansion financings, per its stated strategy. It also participates in corporate spin-off transactions, which require structuring expertise distinct from standard venture rounds. This range allows the firm to follow portfolio companies from initial investment through later-stage capital needs.
Where does NEW Capital Fund source its deals?
The firm's Little Chute, Wisconsin location provides access to Midwest-based founders and industrial-technology companies that coastal venture firms often overlook. Its sourcing model relies on regional operator relationships, manufacturing-sector networks, and referrals from portfolio-company executives rather than auction processes dominated by the major venture platforms.
Is NEW Capital Fund a single family office or an independent asset manager?
The firm operates as an independent asset manager structured as a private equity firm, not a family office. It raises external capital from institutional limited partners and high-net-worth investors rather than managing a single family's wealth, though the specific investor base is not publicly detailed.
What sectors does NEW Capital Fund focus on?
Enterprise software, industrial technology, and fintech represent the firm's primary investment sectors. The industrial-tech focus aligns with the Midwest's manufacturing density, where automation, supply-chain software, and factory-floor innovation create targets that fit the firm's technical and geographic expertise.
Does NEW Capital Fund co-invest alongside other venture firms?
The firm participates in syndicated rounds alongside other institutional investors as part of its early-stage and growth-stage strategy, though its specific co-investment partners are not publicly disclosed. Its board-involvement model suggests it seeks lead or co-lead positions when possible, not passive participation in larger syndicates.
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