First New England Capital

First New England Capital (FNEC) is a private equity firm specializing in investments in middle-market companies across the United States. The firm focuses on sectors such as aerospace and defense, business and consumer services, manufacturing, value-added distribution, technology, and healthcare. FNEC seeks to invest in businesses with a history of cash flow stability, consistent top-line growth, and experienced management teams.

FNEC's investment strategy involves deploying between $2 million and $5 million in mezzanine and equity securities, acting as a lead investor or participating in syndicates with other investors. The firm is currently investing its third fund, First New England Capital III, L.P., which has approximately $50 million in assets under management.

Since its inception in 1988, FNEC has invested approximately $100 million in over 60 companies, managing a pool of capital in excess of $120 million. The firm's portfolio includes companies such as Awareness Technologies, Cecilware, Dayton Parts, Direct Mail Holding, Harvard Bioscience, Jewell Instruments, Ranger International Services Group, Simoniz, Stonewall Kitchens, and VaultLogix.