New State Capital Partners Closes Fund IV at $700 Million

NEW ROCHELLE, N.Y., March 18, 2025 /PRNewswire/ -- New State Capital Partners today announced that it has closed on $700 million for its Fund IV, which was oversubscribed, above its target, and raised in less than six months.  Since inception New State has raised $1.8 billion.

Fund IV attracted a diverse investor base, including endowments and foundations, family offices, public pension plans, insurance companies, OCIOs, and high-net-worth individuals across North America and Europe. New State professionals committed $60 million via the general partner, seeking to drive alignment between the firm and its limited partners.

"This milestone underscores the trust investors have in our strategy and our platform." said 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."

New State has completed more than 45 acquisitions to date. The firm leverages a differentiated sourcing model, including strong relationships with the independent sponsor community, designed to identify attractive investment opportunities. The depth and breadth of New State's team ensures hands-on support to drive portfolio company growth.

New State's 34-person team includes 12 management company partners and a dedicated 10-person in-house operations team, providing deep experience and operational knowledge. The firm recently added to its capabilities with three strategic hires: a Vice President on the Investment Team, a Senior Principal focused on strategy, and an Operating Partner specializing in revenue growth, further enhancing its ability to support portfolio companies and drive value creation.

Kirkland & Ellis LLP served as fund counsel, and Harris Williams Private Capital Advisory Ltd. served as placement agent.

About New State Capital Partners

New State Capital Partners is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. The Firm takes a long-term approach, partnering with company founders and independent sponsors in an effort to create lasting value. New State seeks to invest in market-leading, middle market companies with services-based business models and has completed over 45 acquisitions to date. For more information, visit www.newstatecp.com.

Media Contact:

Lambert by LLYC
Joanne Lessner, [email protected], 212-222-7436
Caroline Luz, [email protected], 203-570-6462

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SOURCE New State Capital Partners LLC