NewSpring Capital raises $280m

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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.