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. Its third fund is spoke for with 12 deals closed and 2 expected to close by June 2026. New 2ND is expecting to start investing its fourth fund in the summer of 2026. The firm's funds and entities have USD 2.6 BN in regulatory AUM (per 31 December 2025). 4 of the partners worked with each other at AlpInvest/Carlyle in New York.
