Updated:
NewHold Investment Corp. III
NewHold Investment Corp. III operates under the umbrella of NewHold Enterprises, a holding company co-founded by Kevin Charlton and others to acquire and...
NewHold Investment Corp. III
NewHold Investment Corp. III operates under the umbrella of NewHold Enterprises, a holding company co-founded by Kevin Charlton and others to acquire and operate private industrial businesses for the long term. Unlike traditional private equity funds with fixed exit horizons, NewHold's structure is designed for indefinite hold periods, aligning management teams with permanent capital. The firm's prior SPAC, NewHold Investment Corp. II, completed a business combination with Evolv Technology in 2021, a publicly traded security screening company. NewHold Investment Corp. III filed for its initial public offering with the SEC, stating an intention to raise capital for a similar long-duration operating acquisition. The strategy centers on identifying a single operating company within the broader industrial technology landscape. Target characteristics typically include proven business models with opportunities for operational improvement and growth under a deliberate, hands-on ownership approach. No specific acquisition target had been announced as of late 2024. The vehicle focuses on North American-headquartered companies, reflecting NewHold's historical investment footprint and the geographic concentration of its operational partners. The broader NewHold platform includes a team that provides strategic and operational support to its portfolio companies. The firm does not publicly report total assets under management or firmwide headcount. Kevin Charlton leads investment activities, supported by a partnership group that includes operators with experience across manufacturing, logistics, and technology-enabled services. The firm operates from New York. No dedicated philanthropic foundation or adjacent wealth-management vehicle is publicly associated with the entity. NewHold's structural differentiator lies in its holding-company architecture paired with a SPAC acquisition model. Operating under a permanent capital mandate rather than the typical 24-month SPAC clock, Charlton structured the vehicle with an optional post-combination operational structure that allows entering into a business combination as a C-corporation or a limited liability company. This optionality, and the backstop of the NewHold operating partner group, distinguishes the approach from most SPACs that are managed by investment firms without embedded industrial operating expertise.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Kevin Charlton
Chief Executive Officer
Frequently asked questions
What is the relationship between NewHold Investment Corp. III and NewHold Enterprises?
NewHold Investment Corp. III is a special purpose acquisition company formed by the principals of NewHold Enterprises, a holding company that acquires and operates private industrial businesses. NewHold Enterprises provides the operational platform, strategic support, and permanent capital philosophy that underpins the SPAC's acquisition strategy. Kevin Charlton leads both entities, and the NewHold partnership group would assume operational roles in the acquired business.
How does NewHold Investment Corp. III differ from a typical blank-check company?
This vehicle is structured with an indefinite hold mandate rather than a standard two-year liquidation deadline, reflecting NewHold's permanent capital ethos. The post-combination structure allows the acquired company to operate as either a C-corporation or a limited liability company — a flexibility unusual among SPACs. Additionally, the sponsor group includes dedicated industrial operators rather than solely investment professionals, signaling a long-term operational partnership rather than a short-duration merger arbitrage strategy.
Has a target industry or sector been publicly identified for acquisition?
The firm has not publicly disclosed a specific acquisition target or narrowed sector mandate, though prior NewHold vehicles and stated sponsor expertise point toward industrial technology, manufacturing, and technology-enabled business services. Evolv Technology, a security screening business, was taken public by NewHold Investment Corp. II in a 2021 business combination, providing a precedent for the type of business the firm targets.
Who is the sponsor team behind NewHold Investment Corp. III?
The sponsor entity is affiliated with NewHold Enterprises LLC. Kevin Charlton serves as the Chief Executive Officer and is the primary investment decision-maker. The broader NewHold partnership group includes professionals with backgrounds in industrial operations, manufacturing, and logistics, who are expected to take active roles in the acquired company, per the firm's operating model.
What was the outcome of NewHold Investment Corp. II?
NewHold Investment Corp. II completed a business combination with Evolv Technology in July 2021. Evolv AI-based systems are used for weapons detection security screening in venues including stadiums, schools, and hospitals. The transaction provided a public listing for Evolv and established a track record for the NewHold SPAC platform.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: