NewRoad Capital, Kayne Anderson Create $90M Investment Fund

Bentonville-based NewRoad Capital Partners (formerly NewRoad Ventures) and Los Angeles-based Kayne Anderson Capital Advisors have partnered to form a $90 million investment fund called Kayne NewRoad Ventures Fund II LP. The money will be invested in early stage companies.

The fund, according to a news release issued by the two companies Thursday, will focus on retail, consumer packaged goods, supply chain & logistics, consumer healthcare, environmental and U.S. manufacturing markets.

The investment approach, according to the release, will be to identify companies with recurring revenues that have proven demand for their products or services, but can benefit from accelerated growth through a direct capital investment and strategic partners who can add operational expertise.

“My NewRoad partners and I are excited about deploying this capital to back high quality management teams and to continue to leverage our combined operating expertise to help create value for our companies and investors,” Clete Brewer, a managing partner of NewRoad Capital Partners, said in a statement. “With Kayne Anderson as our partner, this will only accelerate this area of focus for us.”