New Private Equity

The Control Tower, or NPECT, is a proprietary private-equity workflow built on Palantir Foundry. It ingests large volumes of market and company data, normalizes it, and runs standardized analysis to support every phase of the investment process — from market mapping and target selection to execution, value-creation tracking and exit planning. Ted Mabrey, Palantir's Head of Global Commercial, has described it publicly as an end-to-end workflow that integrates investing and value-creation capabilities.

The firm's co-founders, Gero Wittemann and Francesco Barosi, lead the investment team. Wittemann's background includes over $5 billion in equity deployment at Hg and CVC, while Barosi ran TMT for AlixPartners. Principals Suruchi Mehta and Henry Sallembien — both Hg alumni — support origination and execution, but the firm has not disclosed a formal investment committee structure.

New Private Equity has not publicly disclosed its fund structure, committed capital or whether it raises discretionary pools versus deal-by-deal vehicles. The firm's website describes institutional investment and value-creation processes but provides no details on the legal or capital-raising architecture behind them.

The firm states it is focused exclusively on B2B software and tech services. Sectors outside these two verticals — including consumer-facing technology, healthcare services, biotech, hardware, and industrial tech — fall outside its stated mandate.

Sourcing relies on a data-ingestion engine that continuously scans B2B software and tech services verticals, scoring companies against a set of triggers the firm considers actionable. The team maintains a working list of businesses it would like to own and engages directly when those triggers fire, aiming to arrive at a first meeting with a detailed investment and value-creation hypothesis already formed.

The firm describes itself as a next-generation private equity investor, but the Control Tower is not a standalone product — it is the operating system the team uses internally to source, diligence and manage investments. The model resembles a traditional buyout and growth firm that has fully digitized its investment operations rather than a software vendor or a platform company.

Three of the four listed professionals — Gero Wittemann, Suruchi Mehta and Henry Sallembien — previously worked at Hg, the European software-focused private equity firm, where Wittemann co-headed the North American buildout. New Private Equity is an independent firm and has no disclosed ownership, economic or operational link to Hg.