NewSrping Capital has raised its fourth fund, NewSpring Growth Capital IV LP. The fundraise brings NewSpring's total assets under management to $1.7 billion.

NSG IV, valued at around $280 million, has received investments from family offices, insurance companies, public pension plans, fund of funds, and university endowments. The fund has already committed capital to four companies: analytics provider Cironus; speech technology company Interactions Corp., digital marketing firm ReviMedia Group; and job search engine website NewSpring Growth focuses on the information technology and business services sectors in companies that have between $5 million to $50 million in revenue.

Radnor, Pennsylvania-based NewSpring Capital also has funds focused healthcare and mezzanine investments. The firm has additional offices in Baltimore and Chicago.

Other middle-market capital raises include: the Riverside Co.’s first minority investment fund in April 2017; The Carlyle Group’s (Nasdaq: CG) fourth distressed capital raise; Vector Capital’s fifth PE fund; Monroe Capital LLC’s $800 million credit fund; and Chicago-based NXT Capital LLC’s fourth debt fund with $900 million.