# NewSpring

NewSpring is an Asset Manager based in Radnor, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Radnor, United States
- **Region:** North America
- **Address:** Radnor Financial Center, 555 E. Lancaster Ave, 3rd Floor, Radnor, PA 19087, United States
- **Assets under management:** $3.5bn (per the firm)
- **Website:** newspringcapital.com

## About

NewSpring Holdings is an SEC-registered investment adviser in Radnor, PA, registered since 2012. The firm manages $3.3 billion in regulatory assets. It has 76 employees and 54 investment advisers.

## Sectors

- SaaS
- Healthcare Services
- Tech-Enabled Services
- Manufacturing
- Consumer Products/Services
- Franchise
- Business Services

## Offices

- Philadelphia, PA
- Baltimore, MD
- New York, NY
- Reston, VA
- Fort Lauderdale, FL

## People

- Michael DiPiano — Managing General Partner
- Jon Schwartz — President & Chief Operating Officer
- Mike Kubacki — CFO
- Adam VeVerka — Partner, Business Development
- Mike O'Neill — Managing Director, Capital Formation
- Brian G. Murphy — Chairman, Healthcare Strategy

## Questions

### How is NewSpring organized across its five investment strategies?

NewSpring operates as one firm with five distinct strategies: Growth (technology and tech-enabled services), Healthcare (services buyouts and growth), Mezzanine (flexible non-control capital), Holdings (dedicated control buyouts), and Franchise (multi-unit operators). Each strategy has its own investment team and sector general partners, but they share centralized finance, compliance, marketing, and a value-creation team that embeds operating partners into portfolio companies. Managing General Partner Michael DiPiano and President Jon Schwartz oversee the integrated platform.

### Who leads the investment decisions for NewSpring's healthcare and technology strategies?

The healthcare strategy is chaired by Brian G. Murphy, while the Growth strategy's general partners include Marc Lederman and Glenn Rieger, per the firm's team disclosures. Each strategy operates with its own investment committee staffed by that unit's general partners. Ultimate firm-wide oversight rests with Managing General Partner Michael DiPiano.

### Does NewSpring participate in fund commitments or only direct deals?

NewSpring is a direct investor, not a fund-of-funds. The firm's five strategies all take direct positions in portfolio companies — whether via control buyouts (Holdings, Healthcare), minority growth equity (Growth), structured mezzanine (Mezzanine), or franchisee operating-company investments (Franchise). It has not publicly disclosed making LP commitments to external funds as a line of business.

### How is the NewSpring Foundation structured relative to the investment firm?

The NewSpring Foundation was formed to complement the firm's business-building focus in the Philadelphia region. It operates as a separate philanthropic vehicle with a mission to support education and arts programs that alleviate cycles of poverty. The firm does not publicly disclose AUM or detailed grantmaking data for the foundation, but its existence is a formal part of NewSpring's community identity rather than a programmatic investment activity.

### How does NewSpring deliver operating support to its portfolio companies?

Many of NewSpring's investment professionals have operating backgrounds as former founders and operators, and the firm maintains a dedicated value-creation team that includes Operating Partners — such as Kamal Advani, Larry Berran, and Jeff Fialko — and vice presidents of portfolio company operations. They work directly with management teams on back-office functions, technology advancement, talent acquisition, and go-to-market strategy, per the firm's description and team roster.

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

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