New State Capital Partners Closes Fund IV at $700 Million

Whats Happening:

New State Capital Partners has successfully closed its Fund IV at $700 million, surpassing its target and completing the fundraising in less than six months. The fund attracted a diverse investor base across North America and Europe, including endowments, foundations, family offices, public pension plans, and insurance companies. New State professionals committed $60 million via the general partner to align interests with limited partners.

Key Moves:

• New State Capital Partners closes Fund IV at $700 million, above target

• Fund raised in less than six months, attracting diverse investors

• New State professionals commit $60 million via general partner

By The Numbers:

• Fund IV closed at $700 million

• New State has raised $1.8 billion since inception

• 34-person team includes 12 management company partners

Key Quotes:

• "This milestone underscores the trust investors have in our strategy and our platform." - David Blechman, Founder of New State

• "We are focused on investing in, and scaling, high-quality, founder-led businesses. We are excited to deploy Fund IV while continuing our disciplined approach to value creation."

Bottom Line:

New State Capital Partners' successful closing of Fund IV at $700 million demonstrates strong investor confidence in their strategy and platform. The fund's oversubscription and rapid fundraising highlight the firm's growing reputation in the private equity market. With a focus on founder-led businesses and a disciplined approach to value creation, New State is well-positioned to deploy the new capital and continue its growth trajectory.

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