Key Takeaways
- • Gero Wittemann and Francesco Barosi launched New Private Equity (NPE), a Miami-based private equity firm focused on B2B software and technology services businesses.
- • NPE's leadership includes Wittemann, formerly partner and co-head of the US business at Hg, and Barosi, formerly global head of TMT and innovation at AlixPartners; the two have known each other for over ten years.
- • The firm has built NPE Control Tower (NPECT), a proprietary software workflow, and selected Palantir Foundry as its end-to-end operating system.
- • NPE positions its data-driven, technology-enabled approach as a way to make faster investment decisions and accelerate post-investment value creation.
Summary
According to a Business Wire announcement dated October 16, 2023, Gero Wittemann and Francesco Barosi have launched New Private Equity ("NPE"), a private equity firm based in Miami, Florida. NPE will invest across the B2B software and technology services segments, supporting portfolio companies through capital, strategic and operational value add. The firm says it intends to combine hands-on operating experience with a data-driven advantage built on proprietary technology.
Wittemann was previously a partner and co-head of the US business at software and services investor Hg, and earlier served as a managing director at CVC. Barosi served as global head of TMT and innovation at consulting firm AlixPartners, where he worked with large companies on performance improvement. The pair said they have known each other for more than ten years and share a conviction that technology can be used to improve private equity decision-making by harnessing data from a growing range of sources.
To put that thesis into practice, NPE has developed New Private Equity Control Tower ("NPECT"), a proprietary software-based end-to-end workflow intended to integrate investment and value creation capabilities. NPE has a strategic partnership with Palantir Technologies and has selected Palantir Foundry as the operating system for NPECT. Ted Mabrey, Head of Global Commercial at Palantir, said NPECT "integrates investing and value creation capabilities and provides a compelling and differentiated solution."
Wittemann said the firm's software-enabled approach is intended to build better businesses and enhance returns for partner companies and limited partners. Barosi said the technology will help the firm focus more quickly on opportunities where it has a meaningful edge and accelerate achievement of post-investment objectives. The announcement did not disclose fund size, capital commitments or initial investments.
Wittemann was previously a partner and co-head of the US business at software and services investor Hg, and earlier served as a managing director at CVC. Barosi served as global head of TMT and innovation at consulting firm AlixPartners, where he worked with large companies on performance improvement. The pair said they have known each other for more than ten years and share a conviction that technology can be used to improve private equity decision-making by harnessing data from a growing range of sources.
To put that thesis into practice, NPE has developed New Private Equity Control Tower ("NPECT"), a proprietary software-based end-to-end workflow intended to integrate investment and value creation capabilities. NPE has a strategic partnership with Palantir Technologies and has selected Palantir Foundry as the operating system for NPECT. Ted Mabrey, Head of Global Commercial at Palantir, said NPECT "integrates investing and value creation capabilities and provides a compelling and differentiated solution."
Wittemann said the firm's software-enabled approach is intended to build better businesses and enhance returns for partner companies and limited partners. Barosi said the technology will help the firm focus more quickly on opportunities where it has a meaningful edge and accelerate achievement of post-investment objectives. The announcement did not disclose fund size, capital commitments or initial investments.
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