We partner with passionate and competitive management teams
We challenge the status quo, identify innovation paths and accelerate growth
We specialize in financial services, financial technology, and related business services
“Energy and persistence conquer all things”
– Ben Franklin
Origin story
2000-2012
Members of the NewMile team built Milestone Advisors, a specialized M&A investment bank, advising differentiated financial services businesses
#1 ranked M&A investment bank in specialty finance*
2012-2017
Milestone Advisors is acquired by Houlihan Lokey (NYSE: HLI)
Members of the NewMile team lead Houlihan Lokey’s Financial Institutions M&A investment banking practice
#1 ranked M&A investment bank in specialty finance*
2017-2024
The NewMile team, while employed by Waterfall Asset Management (“Waterfall”), led the formation and growth of a specialized private equity platform at Waterfall
Raised and deployed a dedicated private equity fund, and completed 8 platform investments and 30+bolt-ons
2025
NewMile completes the spin-out from Waterfall, launching their 2nd generation private equity investment platform to serve as sub-adviser to the existing Waterfall private equity portfolio, and pursue new investments in differentiated financial services businesses
*Source: S&P Global Market Intelligence
Wealth creation
NewMile Capital curates our highest conviction principles for creating wealth in partnership with business leaders. The strategic roadmap we pursue in partnership with management strives for excellence in sales execution, customer experience, product innovation, compliance and integrity, data intelligence, risk management and capital efficiency
Our value-add to management:
Challenging the status quo; defining big goals
Anchoring decision making to sophisticated data reporting
Identifying opportunities to optimize profitability and capital efficiency
Making critical talent decisions
Sourcing, diligence, and executing M&A opportunities
Leveraging lessons learned, wins, and professional relationships across our portfolio and networks
Investment criteria
Our team
Portfolio
Current
Exited
