New 2ND Capital is a private equity secondaries manager, based in New York. The firm is focused on lower middle market investments in the US and Canada.
Exclusive focus on GP-Led Secondaries (continuation funds, fund restructurings, direct secondaries, spin-outs).
New 2ND Capital was founded in 2016. It is investing its third fund which has made 11 investments so far. New 2ND is expecting to start investing its fourth fund in Q1 2026. The firm's funds and entities have USD 2.4 BN in regulatory AUM (per 31 December 2024). 4 of the 5 partners worked with each other at AlpInvest/Carlyle in New York.
