NewSpring Capital has raised $280 million to date for its NewSpring Growth Capital IV. The Randor-headquartered firm has set a $300 million target and began fundraising in 2015.
Its previous fund raised $250 million in 2013.
Investors that committed to NewSpring Growth Capital IV include a diverse group of family offices, insurance companies, public pension plans, fund of funds, financial institutions, and university endowments.
The fund will target growth equity opportunities in a diverse number of sectors in the United States.