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 Snagajob.com. NewSpring Growth focuses on the information technology and business services sectors in companies that have between $5 million to $50 million in revenue.