# Newspring Capital

> Newspring Capital is an SEC-registered investment advisory firm in Radnor, PA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 160608
- Filed as: NEWSPRING CAPITAL
- Legal name: Newspring Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Radnor, PA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160608
- AdvisorCensus page: https://advisorcensus.com/firm/newspring-capital-radnor-pa-160608

## Quick answers

**How is Newspring Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Newspring Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Newspring Capital located?**
Newspring Capital's principal office is in Radnor, PA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Newspring Capital registered with the SEC or a state?**
Newspring Capital is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160608.

**How much does Newspring Capital manage?**
Newspring Capital reports $3,339,086,821 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Newspring Capital's assets and staff changed since 2021?**
In the Form ADV data for Newspring Capital: Regulatory assets under management: $2,138,120,949 in the October 2021 data and $3,339,086,821 in the October 2026 data, up 56%. Total employees: 60 in October 2021 and 76 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Newspring Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (27).

**Does Newspring Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160608

**What changed in Newspring Capital's recent Form ADV filings?**
In the April 2026 filing data: Changed its legal name from NSV II Management Company, LLC to Newspring Capital, LLC. Employees performing advisory functions went from 56 to 54.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $3,339,086,821
- Discretionary: $3,339,086,821
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 27 | $3,339,086,821 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 76 total, 54 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, FL, MD, NY, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Denver, CO
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- newspringcapital.com
- LinkedIn @NEWSPRING-CAPITAL
- X @NewSpring_PE

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,138,120,949 | 60 | March 30, 2021 |
| October 2022 | $2,468,200,286 | 63 | August 25, 2022 |
| October 2023 | $2,350,300,016 | 66 | March 31, 2023 |
| October 2024 | $3,073,002,119 | 66 | March 29, 2024 |
| October 2025 | $3,419,589,857 | 75 | March 31, 2025 |
| October 2026 | $3,339,086,821 | 76 | March 30, 2026 |

Regulatory assets under management: $2,138,120,949 in the October 2021 data and $3,339,086,821 in the October 2026 data, up 56%.
Total employees: 60 in October 2021 and 76 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Changed its legal name from NSV II Management Company, LLC to Newspring Capital, LLC.
- Employees performing advisory functions went from 56 to 54.

### January 2026
- No longer registered or notice-filed in IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Newspring Capital (CRD 160608): Form ADV filing data as of October 2026.