New York, NY – January 5, 2017 – New MainStream Capital (“NMS”) announced today the promotion of Travis Rae to Vice President. Mr. Rae has been a part of the NMS team for 5 years, having joined in February 2011 as Associate and Controller. Mr. Rae is deeply involved in leading the firm’s financial reporting, tax, compliance function and investor communications, as well as assisting with due diligence activities and monitoring of portfolio investments.
“Travis was our first hire following completion of the spin-out from Goldman Sachs. He has been a super member of the team and has helped build our back office infrastructure,” remarked Kevin Jordan, Co-Founder and Managing Partner of NMS.
Mr. Rae’s background includes experience previously with KPMG, LLP and Whitley Penn, LLP where he was responsible for a range of audit and advisory services for public and private clients, specializing in consumer, industrial, and energy business lines.
“Travis is an instrumental member of the NMS finance and compliance teams, and has developed and expanded his role throughout his five years with the firm. He does a tremendous job serving our investors, and has played an integral role in our firm’s success,” remarked Jim Wilson, Partner and Chief Financial Officer of NMS.
NMS is currently investing NMS Fund II, with $252 million in capital commitments. Having just completed the second full year of investing following its final close in December of 2014, the current NMS Fund II portfolio includes business services companies ettain group and Avaap, and healthcare services companies Anne Arundel Dermatology Management and Constellation Behavioral Healthcare.
About New MainStream Capital
New MainStream Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services. For additional information on NMS, visit the firm’s website at nms-capital.com.