News
NewSpring Capital Announces the Addition of Jonathan S. Schwartz to Its Team
FOR IMMEDIATE RELEASE
Company Contact:
Michael A. DiPiano
Managing Partner
(610) 567-2380
King of Prussia, PA, April, 2004 - NewSpring Capital, a private equity organization, announced today that Jonathan S. Schwartz has now joined the firm as its Chief Financial Officer.
"We are delighted to have Jon join the NewSpring Team,” said Mike DiPiano, Managing Partner of NewSpring Capital, “Jon is a seasoned financial executive with deep venture industry experience. Jon will be a valuable asset to the Family of Funds."
Jon’s role will be to oversee the financial and operational infrastructure of NewSpring Capital and its Family of Funds, including financial reporting and investor relations. In addition, Jon will support the deal teams in due diligence on prospective transactions and provide an additional value-added resource to the Family’s portfolio companies.
Jon is a CPA with over 13 years of experience working with private equity, investment banking and other asset management organizations. Prior to joining NewSpring, he was Director of Finance and Administration at EnerTech Capital, a $300 million venture capital firm. Previously he was a Senior Manager with Ernst & Young, where he provided accounting and business advisory services to clients in the financial services industry. Jon is a graduate of Tulane University A.B. Freeman School of Business. He is a member of the American Institute of Certified Public Accountants, The New York State Society of CPAs and the Pennsylvania Institute of CPAs.
About NewSpring Capital
NewSpring Capital, based in King of Prussia, PA, is a family of specific purpose private equity funds, with approximately $200mm under management, focused on the Mid-Atlantic region. The Family of Funds includes NewSpring Ventures, L.P., a $135 million venture capital fund providing equity capital to growth and expansion stage companies with a focus on information technology, business services, and healthcare; NewSpring Healthcare, L.P., a venture capital fund focused on intermediate- and late-stage life science and healthcare companies; and NewSpring Mezzanine Capital, L.P., a mezzanine private equity fund focused on late stage and buy-out opportunities in information technology, healthcare, business services and specialty manufacturing.
