Alabama P.E. Firm Closes Second Fund

Mar 30 2009 | 1:09am ET

Southern private equity shop New Capital Partners has closed its second fund with $140 million in commitments.

New Capital Partners Private Equity Fund II was oversubscribed, the firm’s placement agent, Atlantic-Pacific Capital, said. New Capital, which is based in Birmingham, Ala., focuses on micro- and lower middle-market high-growth opportunities in the healthcare, financial services and business services sectors.

The firm, which also has an office in Dallas, says that the southeastern United States and Texas are underserved markets.

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