New 2nd Capital
Private equityNew York
Investment thesis
New 2ND Capital focuses exclusively on middle-market and lower-middle-market GP-led secondaries in the US. The firm crafts flexible, highly customized partnerships to meet the liquidity, capital, and strategic needs of private equity general partners, independent sponsors, financial institutions, family offices, and other investors. Its solutions help managers generate liquidity, realign fund duration, secure growth capital, or rebalance middle-market portfolios. Transactions range from $10M to $500M, and the firm emphasizes value creation for underlying portfolio companies while positioning itself as an ongoing partner to GPs beyond the initial deal. It seeks full alignment with GPs through tailored arrangements.
Source: firm website, verified Aug 25, 2026.
Fund performance · per public LP disclosures · 3
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| New 2ND Capital Fund IIILPs: New York City Employees' Retirement System, New York City Police Pension Fund, Teachers' Retirement System of the City of New York +1 more | 2023 | — | 15.6% | 1.20x | 0.06x |
| New 2ND Capital N SidecarLPs: New York City Employees' Retirement System, New York City Police Pension Fund, Teachers' Retirement System of the City of New York | 2023 | — | 14.5% | 1.20x | 0.07x |
| NEW 2ND CAPITAL FD III CO INVLPs: New York City Board of Education Retirement System | — | — | — | 1.19x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What is New 2nd Capital's typical check size?
- New 2nd Capital typically writes checks of $10M – $500M.
- What sectors does New 2nd Capital focus on?
- New 2nd Capital focuses on Sector Agnostic.
- Where is New 2nd Capital located?
- New 2nd Capital is headquartered in New York, US.
Similar investors
3TS Capital Partners is a private equity and venture capital investor focused on technology and technology-enabled companies, notably in Central and Eastern Europe.
4DI Ventures was co-founded by repeat tech operator and ESET Southern Africa founder Justin Stanford, giving it unusually deep cybersecurity and software operating experience rather than a purely financial background, and originated from Stanford's own angel-investing experiments that directly led to both the firm's creation and the launch of the Silicon Cape Initiative. The firm explicitly describes its style as "nurture capital" with intensive, hands-on engagement, and Stanford is vocal about avoiding the "unicorn at all costs" mentality in African tech, instead emphasizing sustainable market readiness and fundamentals in a more conservative, durability-focused investment approach.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-defining companies, backing startups across multiple stages and sectors.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.