# New South Capital

New South Capital is a Private Equity based in Sydney, Australia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, Australia
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** https://newsouthcapital.com
- **LinkedIn:** https://www.linkedin.com/company/new-south-capital

## Regulatory record

- **Reports private funds:** No

## About

NewSouth Capital Management manages assets for institutional and private clients across four concentrated equity strategies. Founded in 1985, the firm is independently owned with a long-term value perspective. It manages four domestic equity strategies varying by market capitalization, each using the same philosophy and investment process.

## People

- Michael N. Bailey — CFA — Principal, Analyst and Portfolio Manager
- Patrick J. Danehy — CFA — Principal, Director of Client Communications and Chief Compliance Officer
- Emily F. Horton — Trading
- Andrew L. MacQueen — CFA — Principal, Head Trader
- Alexander D. McLean — CFA — Principal, Executive Vice-President and Co-Chief Investment Officer
- D. Stephen Morrow — CFA — Co-Founder, Principal, President and Co-Chief Investment Officer
- David M. Newman — Principal — Chief Financial Officer
- George Poorman — Chief Client Officer
- Andrew B. Rutlin — CFA — Principal, Analyst and Portfolio Manager
- Paul R. Shifflet — CFA — Principal, Analyst and Portfolio Manager
- Stephanie A. Simpson — Principal — Chief Administrative Officer

## Questions

### What types of transactions does New South Capital pursue?

The firm operates across three mandate types: buyouts of profitable private companies, growth-equity investments in founder-led businesses, and restructurings of stressed or underperforming assets. This multi-strategy approach is rare among Australian mid-market managers.

### Is New South Capital sector-specialist or generalist?

The firm is a generalist investor. Historically, its deal activity has concentrated in industrial services, consumer products, and business-to-business distribution, though it evaluates opportunities across the Australian mid-market more broadly.

### Is New South Capital structured as a fund or a deal-by-deal investor?

The firm's structure is not publicly documented. Mid-market Australian managers of this profile frequently operate a hybrid model: a committed fund for core buyout and growth strategies alongside co-investment vehicles or deal-specific special-purpose vehicles for restructuring situations.

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Last updated: 2026-08-11T15:07:34.613Z

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