Overview
Firm Description
New Capital Partners was founded in 2000 in Birmingham, Alabama. NCP is a private-equity firm
located in Birmingham, Alabama. NCP invests in high-growth companies primarily in the Southeastern
United States and Texas, and opportunistically elsewhere. NCP is currently serving as an investment
adviser to five pooled-investment funds organized as limited partnerships:
1) New Capital Partners Private Equity Fund II, LP
2) New Capital Partners Private Equity Fund II-A, LP
3) New Capital Partners Private Equity Fund II-B, LP
4) New Capital Partners Private Equity Fund III, LP
5) New Capital Partners Private Equity Fund III-A, LP
Each of the Funds is sometimes referred to in this Brochure individually as a “Fund” and collectively as
the “Funds”. From individual limited partners, the Funds raise specific capital commitments that are
called over a limited investment period of ten years. The Funds listed above may be individually
referred to as “Fund II”, “Fund II-A”, “Fund II-B”, “Fund III” and “Fund III-A”, respectively.
Principal Owners
The principal owners of NCP are James K. Outland, serving as President of the organization and James B.
Little, III, serving as Vice President and Secretary.
Types of Advisory Services
NCP provides advice and assistance to each Fund regarding the acquisition, management and disposition
of Fund
investments and also provides general back-office support. The relationship between each Fund
and NCP is set forth in a Management Agreement entered into between NCP and each Fund (the
“Management Agreement”).
The purpose of this brochure is to disclose information about NCP to NCP’s clients (which are the
Funds). In connection with the offering of interests in each Fund, NCP has separately prepared a
Confidential Private Placement Memorandum (the “PPM”) for each Fund. Persons considering
whether to invest in any one or more of the Funds should have received and reviewed the applicable
PPM, which sets forth in much greater detail specific information regarding the operation of, and the
terms of an investment in, each Fund.
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Tailored Relationships
The services provided by NCP to each Fund are described in the applicable PPM and in the applicable
Management Agreement. While each Fund is initially structured in a manner intended to be compatible
with the requirements of its possible investors, such investors do not have the ability to impose
restrictions on the Fund’s investing in certain securities or types of securities.
Asset Management
As of March 29, 2024, NCP manages $355,307,546 of client assets on a discretionary basis and $0 of
client assets on a non-discretionary basis.