Where is New Harbor Capital headquartered?

New Harbor Capital is headquartered in Chicago, USA, according to the public sources this profile is built from.

When was New Harbor Capital founded?

Public sources give 2026 as the year New Harbor Capital was founded.

Which sectors does New Harbor Capital invest in?

New Harbor Capital lists Healthcare, Education, Technology-Enabled Services and Physician practices among its focus areas. Of the 14 portfolio companies we can classify, the largest groups are Healthcare (11), Education (2) and Business Services (1).

How many portfolio companies does New Harbor Capital have?

PE Firm Index tracks 14 New Harbor Capital portfolio companies from the firm's public portfolio page, as of 2026-11-01. The firm's own count may differ, for example where exited companies are listed.

Who leads New Harbor Capital?

Public sources name Tom Formolo (Partner), Ed Lhee (Partner) and John Pircon (Partner) among New Harbor Capital's leadership.

Which firms are similar to New Harbor Capital?

By overlap in portfolio sectors in this index: Whistler Capital, Questa Capital and Patient Square Capital.

PE Firm · Capital Allocator

New Harbor Capital

Medium

Chicago, United States · Founded 2026 · Website

Private equityLower middle-marketGrowth-orientedResearch-driven approachThesis-based approachHealthcareEducationTechnology-Enabled ServicesPhysician practicesOutsourced solutionsPharma/pharmacyWellnessAnimal healthTeacher and service providersHealthcare EducationHealthcare TechnologyEducation Technology

Last verified

11/1/2026

Firm Overview

Portfolio tracked

Sectors

Regions

11/1/2026

Last verified

New Harbor Capital is a private equity firm that specializes in lower middle-market investments. The firm partners with founders of growth-oriented companies using a methodical, research-driven approach to accelerate growth in scope and value.

New Harbor Capital was founded on the premise that exceptional ideas are fostered through a culture of mutual respect, coupled with a methodical, research-driven approach. The firm specializes in lower middle-market private equity, working in close collaboration with founders of growth-oriented companies to provide expertise and resources for deliberate and sustainable growth.

The firm targets high-potential companies in industries where they have deep expertise and connectivity. They seek to pair the tenacity of an entrepreneurial focus with the sophistication of large-firm experience to build mutually successful partnerships.

The firm's mission is to work side by side with partners to accelerate growth in scope, sophistication, and value. The team is comprised of creative problem-solvers and business experts committed to tailoring accelerated business growth strategies to a founder's long-term vision.

Founded2026

HeadquartersChicago, United States

StrategiesPrivate equity, Lower middle-market, Growth-oriented, Research-driven approach, Thesis-based approach

Sector focusHealthcare, Education, Technology-Enabled Services, Physician practices, Outsourced solutions, Pharma/pharmacy, Wellness, Animal health, Teacher and service providers, Healthcare Education, Healthcare Technology, Education Technology

Leadership

Tom Formolo

Partner

Tom Formolo is a Founder and Partner of New Harbor Capital.

Ed Lhee

Partner

Ed Lhee is a Partner at New Harbor Capital.

John Pircon

Partner

John Pircon is a Partner at New Harbor Capital.

Bo Mlnarik

Partner

Drew Nicholson

Partner

Drew Nicholson is a Partner at private equity firm New Harbor Capital.

Mike Martin

Operating Partner

Mike Martin is an Operating Partner at New Harbor Capital.

Mark Morgan

Chief Financial Officer & Chief Compliance Officer

Hayley Formolo

Principal, Marketing

Jeanette Panfil

Director, Portfolio Operations Group - FinOps

Portfolio by sector

14 of 14 tracked portfolio companies of New Harbor Capital carry a sector label we can map; shares are of those 14. See the methodology.

Deals on record

1 on record in the index

Add-on

LGM Pharma, a New Harbor Capital portfolio company, acquired Sannova Analytical

2026-10-23

Source: axios.link

Deals are listed only where a public source names both sides. Submit a correction.

Portfolio on record

Portfolio by sector

Healthcare11 of 14
Education2 of 14
Business Services1 of 14

14 portfolio companies on record in the index, grouped by sector hub.

Current and exited

Current: 14 of 14Exited: 0 of 14

Portfolio size among all firms

14 companies on record, more than 30% of the 315 firms in the index.

0509 companies (log scale)

Portfolio Companies

Company	Sector	Status	Website
Access Infusion Care	Healthcare	Current	Not on record
Bloom Health Centers	Healthcare	Current	Not on record
Blueprint Prep	Education	Current	Not on record
Desert Spine and Sports Physicians	Healthcare	Current	Not on record
Escalon Services	Business Services	Current	Not on record
FoodPharma	Healthcare	Current	Not on record
FYZICAL®	Healthcare	Current	Not on record
IndeVets	Healthcare	Current	Not on record
LGM Pharma	Healthcare	Current	Not on record
MD Esthetics	Healthcare	Current	Not on record
MindPlay Education	Education	Current	Not on record
Monroe Biomedical Research	Healthcare	Current	Not on record
Premier ENT & Allergy	Healthcare	Current	Not on record
Respire Homecare Services	Healthcare	Current	Not on record

Source: https://www.newharborcap.com/current-investments/

Questions about New Harbor Capital

Where is New Harbor Capital headquartered?: New Harbor Capital is headquartered in Chicago, USA, according to the public sources this profile is built from.
When was New Harbor Capital founded?: Public sources give 2026 as the year New Harbor Capital was founded.
Which sectors does New Harbor Capital invest in?: New Harbor Capital lists Healthcare, Education, Technology-Enabled Services and Physician practices among its focus areas. Of the 14 portfolio companies we can classify, the largest groups are Healthcare (11), Education (2) and Business Services (1).
How many portfolio companies does New Harbor Capital have?: PE Firm Index tracks 14 New Harbor Capital portfolio companies from the firm's public portfolio page, as of 2026-11-01. The firm's own count may differ, for example where exited companies are listed.
What deals has New Harbor Capital done recently?: The most recent deal on record here is: LGM Pharma, a New Harbor Capital portfolio company, acquired Sannova Analytical (2026-10-23). This page lists 1 deal, each with its public source.
Who leads New Harbor Capital?: Public sources name Tom Formolo (Partner), Ed Lhee (Partner) and John Pircon (Partner) among New Harbor Capital's leadership.
Which firms are similar to New Harbor Capital?: By overlap in portfolio sectors in this index: Whistler Capital, Questa Capital and Patient Square Capital.

Sources for this profile, updated 2026-11-01

Firm website
Public portfolio page
Deal reports (1), linked beside each deal

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with New Harbor Capital and does not provide investment advice.

Firms similar to New Harbor Capital

Whistler Capital

Both hold Healthcare companies; 13 tracked portfolio companies.

Questa Capital

Both hold Healthcare companies; 16 tracked portfolio companies.

Patient Square Capital

Both hold Healthcare companies; 18 tracked portfolio companies.

Avista Capital Partners

Both hold Healthcare companies; 53 tracked portfolio companies.

Chosen from this index by overlap in portfolio sectors, then by portfolio size. Not a ranking or a recommendation.

Firm Intelligence

Portfolio tracked14
SectorsHealthcare, Education, Technology-Enabled Services, Physician practices, Outsourced solutions, Pharma/pharmacy, Wellness, Animal health, Teacher and service providers, Healthcare Education, Healthcare Technology, Education Technology
RegionsNot on record
AUMNot on record

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