NewSpring Capital raises $105m

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NewSpring Capital has raised $105 million for its NewSpring Mezzanine Capital III, per a SEC filing. The Randor-headquartered firm began fundraising in 2014 with a $75 million target.

Its previous fund raised $60 million in 2011.

The fund will target subordinated/mezzanine debt opportunities in a diverse number of sectors in the United States.