October 22, 2016 8:04 AM ET

Capital Markets

Company Overview of New State Capital Partners LLC

Company Overview

New State Capital Partners LLC is a private equity firm specializing in mezzanine investments in lower middle market companies. The firm seeks to invest in control buyouts, growth capital, acquisition capital, corporate carve-outs, restructurings, shared governance, and preferred/ junior debt. It seeks to invest in business services, healthcare services, and industrials. For its business services, the firm invests in professional, staffing, information technology, supply chain, logistics, collections, environmental, government services, and human resources. For healthcare services, the investments focus on staffing, outsourcing, practice management, RCM, data and analytics, distribution and ...

1890 Palmer Avenue

Suite 402

Larchmont, NY 10538

United States

Founded in 2013



Key Executives for New State Capital Partners LLC

Co-Founder and Partner
Managing Director of Operations
Partner and Chief Compliance Officer
Operating Partner
Age: 64
Compensation as of Fiscal Year 2016.

New State Capital Partners LLC Key Developments

New State Capital Partners Announces Steve Larned as a Partner

New State Capital Partners announced that the firm has closed its first institutional investment fund, New State Capital Partners Fund, L.P. and associated parallel commitments, with $131 million in committed capital. Also announced Steve Larned has joined New State as a Partner. Mr. Larned has more than 30 years of experience in executive management, strategy consulting and private equity operations across a range of industries, including healthcare, technology services, information/business services, manufacturing and distribution. Prior to New State, Mr. Larned was a Senior Operating Executive at Welsh, Carson, Anderson ..owe, where he also served in board roles and led a healthcare company as interim CEO. Previously, he was a senior executive at Dell Inc.

New State Capital Partners Fund Closes with $131 Million

New State Capital Partners announced that the firm has closed its first institutional investment fund, New State Capital Partners Fund, L.P. and associated parallel commitments, with $131 million in committed capital. Investors include pension funds, foundations, family offices and funds. New State, which has in excess of $370 million of assets under management, seeks to invest between $10 million to $45 million of equity per deal with an average of $30 million. The firm targets investments in the healthcare services, business services, and industrials sectors.

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