News

NewSpring Capital Adds Gregory Barger to Bolster Mezzanine Team

Radnor, Pa., June 15, 2009 – NewSpring Capital, a family of private equity funds providing capital to companies primarily in the Mid-Atlantic region, today announced that Gregory W. Barger joined the NewSpring team in May 2009.  Greg was hired as a Principal and will focus his efforts on mezzanine investing via NewSpring’s dedicated mezzanine funds.    

“We are extremely excited to have Greg join the NewSpring Team,” said Steve Hobman, General Partner of NewSpring Capital.  Greg is a seasoned investment professional with deep industry experience. We have co-invested on deals in the past and his investment style fits perfectly with ours.  Greg will be a valuable asset in growing our mezzanine investment strategy."

Previously, Greg was a Managing Director with Calvert Street Capital Partners where he helped complete the investment of their mezzanine fund.  Prior to Calvert Street, Mr. Barger was a Senior Vice-President at Mercantile Bank and founder of their private equity group. In this capacity, Greg grew the bank’s portfolio of fund and direct investments to nearly $70 million. Prior to Mercantile, Greg was Director of Equity Research at Wilen Management. He worked at MNC Financial Corporation, a predecessor of Bank of America, where he held positions in credit, structured finance, workout and private banking. Greg holds a B.S. degree with honors in Finance from the University of Connecticut, an MBA from Loyola College, and is a CFA cha

Andrew Panzo, General Partner of NewSpring Capital added, “I have known Greg for over 20 years and he brings a strong network and an operational and investing background that is very complimentary to the team.  Greg will help us invest the remainder of our current fund and will play a substantial role in the raising of our successor fund.”