NewSpring, a family of private equity strategies, has promoted Hart Callahan to Partner of NewSpring Growth, the Firm’s dedicated growth and expansion strategy.
NewSpring Growth invests in industry-transforming, fast-growing companies with talented, innovative management teams to support their growth.
“The NewSpring Growth team is composed of former operators and investors with a relentless focus on value creation. The promotion of Hart further strengthens this team’s ability to source attractive investment opportunities and help our existing portfolio companies devise innovative growth strategies that bring their businesses to new heights, creating measurable value for both our management teams and our investors,” says NewSpring Co-Founder and General Partner Marc Lederman. “We’re thrilled to promote Hart as the Growth strategy continues to invest in disruptive companies that are transforming their industries with new technology-driven solutions.”
Since joining NewSpring in 2014, Hart Callahan has gained experience across nearly every aspect of NewSpring’s business, including fundraising, deal sourcing, and operational guidance as a Board member of NewSpring Growth portfolio companies Deposco, Fashionphile, Open Road Integrated Media, and OS33. He will leverage this expertise in his elevated role as Partner and continue to add value in deal sourcing, underwriting, and portfolio company growth.
“For over 20 years, NewSpring Growth has invested in transformative companies to assist them in scaling their businesses into market leaders. By focusing on the lower-middle market, we’ve been able to partner with some of the fastest-growing companies in today’s economy, which has been instrumental to our strong track record,” says Brian Kim, NewSpring Partner. “With the addition of Hart as well as the close of NSG V, we’re excited about the strategy’s future and look forward to continuing to back innovative companies in the coming months and years.”