New Water Capital
Private equityBoca Raton · Growth · 13 people tracked
Investment thesis
New Water Capital targets lower middle market companies in industrial manufacturing, industrial manufacturing services, and consumer products. It pursues control investments in North America, focused on the USMCA region, in businesses with revenues between $30 million and $300 million. The firm invests across situations including family and founder transitions, succession challenges, turnarounds involving operational distress or cash constraints, underperforming companies, and corporate carve-outs of non-core divisions. New Water aims to partner closely with companies to strengthen management, systems, and strategy, adding real value and helping portfolio businesses reach their full potential and stay ahead of competitors.
Source: firm website, verified Aug 25, 2026.
Team · 13 people
from the firm's website
What they invest in
from 7 of 12 portfolio companiesAdvanced Manufacturing ×4FoodTech ×4Consumer ×3Biotech ×1Direct to Consumer ×1Hardware ×1Healthtech ×1Logistics & Supply Chain ×1
HQs:United States×4Canada×1
Investments · 12 tracked
founders shown can be your intro pathCustom Made Meals produces fresh, prepared meals sold through local grocery retail chains, aimed at home cooks looking for convenient options.
ConsumerFoodTech
Dutch Gold Honey produces and sells honey and maple syrup products, offering consumer information on topics such as raw versus filtered honey, crystallization, and product certifications.
ConsumerDirect to ConsumerFoodTech
Realized investment in industrial manufacturing
Klosterman Baking Company is a family-owned wholesale bakery, operating since 1892, that produces bread, buns, rolls, hoagies, flatbread, and cake donuts for restaurants, schools, hospitals, grocery and convenience stores, and food service distributors.
Advanced ManufacturingFoodTechCincinnati, US
Active portfolio company in consumer products
LUXIT Group designs and manufactures automotive small lamps, auxiliary lighting, modules, and infotainment components for OEM and Tier 1 automotive customers.
Advanced ManufacturingHardwareMobility & TransportationFarmington Hills, US
Active portfolio company in industrial manufacturing
Active portfolio company in consumer products
The Perfect Bite Co. develops and manufactures premium frozen private-label foods — including appetizers, vegetable and grain blends, meal kits, and sauced sides — using an in-house culinary and R&D team.
ConsumerFoodTechRetail Tech
Trillium Health Care Products is a contract manufacturer and product formulator of prescription (Rx) and over-the-counter (OTC) pharmaceutical and consumer healthcare products, including gastrointestinal remedies, cold and flu medication, ointments, suppositories, nasal sprays, and analgesics.
Advanced ManufacturingBiotechHealthtechBrockville, CA
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| New Water CapitalLPs: Los Angeles City Employees' Retirement System | 2015 | — | 10.6% | 1.41x | 1.27x |
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
- How many investments has New Water Capital made?
- New Water Capital has 12 tracked investments.
- What stage does New Water Capital invest at?
- New Water Capital invests at the Growth stage.
- What sectors does New Water Capital focus on?
- New Water Capital focuses on Advanced Manufacturing, Consumer, Defense Tech, Mobility & Transportation, New Materials.
- Where is New Water Capital located?
- New Water Capital is headquartered in Boca Raton, US.
- Does New Water Capital lead rounds?
- Yes, New Water Capital leads investment rounds.
Media · Podcasts & interviews
featuring the teamHow to Raise $406 Million with Jason Neimark at New Water Capital - YouTube
Jon Stoddard · Jason Neimark
How a $406M PE Firm Works with Jason Neimark of New Water Capital - YouTube
Jon Stoddard · Jason Neimark
Images
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