New State quickly raises third fund

The $1.2 billion private equity firm New State Capital Partners, based in Larchmont, New York, closed it third fund at its hard cap of $450 million roughly four months after its official launch.

New State Capital Partners' David Belchman (provided)

The fundraise follows its second fund close in 2018 at $255 million. New State Capital Partners Fund III received capital from a wide range of institutional investors, including a $35 million commitment from the . . .

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