New Water targets $400m for sophomore fund

New Water Capital Partners is seeking to raise $400 million for its second fund, according to an SEC filing.

New Water Capital Partners is seeking to raise $400 million for its second fund, according to an SEC filing. Based in Boca Raton, Florida, New Water invests in lower-middle market companies operating in the industrial manufacturing and services, consumer products and retail sectors. The private equity firm was founded in 2014.

Source: SEC filing