News

Michael DiMartile joins NewSpring Capital as Director of Investor Relations

RADNOR, PA, - April 25,2011-NewSpring Capital, a family of private equity funds providing capital to companies primarily in the Mid-Atlantic region, today announced that Michael DiMartile has joined the NewSpring team. Michael was hired as the Director of Investor Relations and will oversee limited partnership and consultant relationships across NewSpring Capital. He will also coordinate all fundraising efforts for the NewSpring Capital Family of Funds.

"We are extremely excited to have Mike join the NewSpring team," said Michael DiPiano, Managing Partner of NewSpring Capital. "Mike is a seasoned investment professional with deep institutional capital markets and private equity experience. As always, we strive to deliver the best possible experience for our investors and feel confident that Mike's track record of client service, professionalism and knowledge will only enrich that experience. Mike will also be a valuable asset in growing NewSpring's Family of Funds."

Mr. DiMartile brings more than thirteen years of experience in customer relations and service to NewSpring Capital. Before joining NewSpring Capital, he served as Vice President of Business Development for Hamilton Lane where he was responsible for the management of consultant relationships as well as prospective limited partners for Hamilton Lane's suite of products. Prior to Hamilton Lane, he spent eight years in Capital Markets at Prudential Equity Group where he was Vice President responsible for institutional equity sales and relationship management in the Middle Atlantic States. DiMartile earned an M.B.A. as well as undergraduate degrees in Finance and Operations Management from The University of Delaware

Jonathan Schwartz, Partner and CFO of NewSpring Capital added, "Mike came highly recommended by long time colleagues and trusted partners. He brings a strong network as well as a background in fund development that is very complimentary to the team. Mike will help us continue to build our infrastructure and will play a vital role in the raising of our successor funds."