New Heritage Capital Raises $438M to Back Founder-Owned Companies

New Heritage Capital has closed its largest pool of capital yet to invest in high-growth, founder-led companies. The Boston-based private-equity firm has closed New Heritage Capital Fund IV LP at $438 million, well above the initial $350 million target, said Managing Senior Partner Mark Jrolf. Founded in 2006, New Heritage has now raised about $1 billion in total, and has completed 15 platform acquisitions and 30 add-ons. The firm looks for founder-led businesses in mature markets with strong growth prospects, and invests in the business services, specialty manufacturing and healthcare sectors.

Read the full article: New Heritage Capital Raises $438M to Back Founder-Owned Companies //

Source: https://www.wsj.com/articles/new-heritage-capital-raises-438-million-to-back-founder-owned-companies-9876ff83

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