# New Charter Technologies

New Charter Technologies is an Asset Manager based in Palo Alto, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** newchartertech.com
- **LinkedIn:** https://www.linkedin.com/company/new-charter-technologies

## Regulatory record

- **Reports private funds:** No

## About

New Charter Technologies operates within the IT services sector, providing managed IT services, IT consulting, 24/7 IT support, IT outsourcing, managed cloud, and cybersecurity. The company serves sectors including healthcare, manufacturing, small and medium businesses, professional services, legal, government, and nonprofit organizations. New Charter Technologies was founded in 2018 and is based in Denver, Colorado.

## Sectors

- IT Services
- Cybersecurity
- Cloud Infrastructure

## People

- Mitch Cline — CEO

## Questions

### Who runs investment decisions at New Charter Technologies?

Mitch Cline serves as CEO. He operates the platform in partnership with Oval Partners, a San Francisco-based private equity firm that provides acquisition capital.

### What separates New Charter's model from other MSP aggregators?

The firm operates with patient equity from Oval Partners rather than a traditional blind-pool fund structure. Its acquisitions are full integrations into a shared operational platform, not passive roll-ups under a holding company with disconnected brands.

### Which sectors does New Charter explicitly target?

The firm invests exclusively in the managed IT services sector, with a focus on companies offering cybersecurity, cloud infrastructure, and compliance capabilities to small- and medium-sized businesses.

### What investment stages does New Charter typically target?

New Charter acquires majority stakes in profitable, established MSPs. It does not participate in seed, venture, or minority growth-stage investments.

### Does New Charter fund passively or take an active operational role?

The holding company model is actively involved post-close. Portfolio MSPs adopt centralized cybersecurity, compliance, and cloud engineering resources while retaining local brand identity.

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- [Busy Bees Holdings](https://altss.com/profile/busy-bees-holdings-limited)
- [Meyer Laboratory](https://altss.com/profile/meyer-laboratory)

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Last updated: 2026-06-03T20:00:00.000Z

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