New Water Capital Closes Maiden Fund at $406M
Summary
Boca Raton, FL-based New Water Capital L.P. held the first and final close of its maiden private equity investment fund, New Water Capital Partners, L.P. at $406m.Led by Jason Neimark, Brian McGee, John Disa and Mark Becker, New Water makes control investments in North American lower middle market companies with revenues of approximately $30 million to $300 million in consumer products, retail, and industrial manufacturing and services.NWC I will focus on special-situations investments, such as turnarounds, underperformers, corporate carve-outs, and companies in transition.Capstone Partners served as exclusive placement agent for NWC I and Proskauer Rose LLP provided legal counsel.FinSMEs 21/07/2015
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