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New 2ND Capital Announces 25th Transaction—a Partnership with Juggernaut Capital Partners to Support Select Portfolio Companies
New 2ND Capital (New 2ND), a GP led secondaries specialist focused on the North American middle and lower middle market, announced today that it had entered into a partnership with Juggernaut Capital Partners (Juggernaut), a leading lower middle market private equity investor primarily in the consumer and healthcare sectors.
The transaction provides capital to accelerate value creation in two of Juggernaut’s portfolio companies and to provide liquidity to certain investors.
Tjarko Hektor, Managing Partner of New 2ND, commented on the transaction, “We are excited to build this partnership with the Juggernaut team and create a bespoke solution for two promising portfolio companies. We look forward to being part of the continued success of the Juggernaut franchise.”
Craig Hille, Managing Director at Juggernaut said, “We couldn’t be more pleased to partner with New 2ND Capital on this transaction and appreciate their creative approach to working with us.”
Andrew Mueller, Principal at Juggernaut added, “New 2ND Capital has been an excellent and thoughtful partner with a focus on speed and certainty to closing. We look forward to working with them on future transactions.”
This partnership marks the 25th GP-led secondaries transaction for New 2ND.
Since its founding, New 2ND has been the lead buyer in transactions representing over $2 billion of value1, establishing itself as one of the most active GP-led secondaries players in the North American middle and lower middle markets.
New 2ND and its co-investors served as the sole investors in the approximately $100 million transaction.
About New 2ND Capital
New 2ND Capital is a New York based private equity firm with over $1.8 billion in assets under management. New 2ND invests in middle market companies through GP-led secondaries transactions in North America, including continuation funds and fund restructurings. New 2ND’s customized solutions address liquidity, capital, and strategic needs of sponsors and investors.
1Transaction value reflects total transaction size (including unfunded commitments) for all investors in the transactions where New 2ND was a lead investor, including New 2ND’s portion of the transaction.