New 2nd Capital

747 3RD Avenue, Suite 2101
New York, NY 10017

Website: new2ndcapital.com

Firm Size

  • Assets Under Management (AUM):$1.8 Billion
  • Number of Funds:10
  • Employees:15
  • Firm Type:Private Equity
  • Focus Areas: Services


Description

New 2nd Capital is a financial company based in New York, NY. They provide a range of services such as asset management, investment banking, and wealth management. They cater to both individual and institutional clients, offering personalized solutions to help their clients achieve their financial goals. With a team of experienced professionals, New 2nd Capital aims to provide comprehensive financial advice and strategies to their clients. Overall, they strive to assist clients in maximizing their investments and achieving long-term financial success.

Latest News

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Feb 27, 2024: Renovus Capital Partners Announces the Successful Close of a $325 Million Continuation Fund to Support the Exit and Future Growth of Four Portfolio Companies
Renovus Capital Partners ("Renovus"), a Philadelphia -area buyout firm focused on founder-owned businesses in the Knowledge & Talent industries, announced today that it has closed its first multi-asset continuation fund ("Renovus Continuation Fund" or "CV") of approximately $325 million . With the closing of the CV, Renovus has now raised over $1.5 billion of capital across multiple investment vehicles, marking a new milestone for the firm. The new fund was formed to recapitalize four portfolio companies from Renovus Capital Partners, LP ("Fund I") and Renovus Capital Partners II, LP ("Fund II"). In addition, the Renovus Continuation Fund makes available an incremental $60 million of capital to fund strategic acquisitions for the CV portfolio companies. The formation and funding of the Renovus Continuation Fund was anchored by leading limited partners including funds managed by New 2ND Capital, RCP Advisors, Blackstone Strategic Partners, Montana Capital Partners, Unigestion, Arcano Partners and significant rollover from the three Renovus co-founders.