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Platform formation Dec 2025 · Midwest Verified

HFI is New State's Fund IV first platform investment, with independent sponsor Amethyst

The Harrell-Fish transaction marks the first platform investment in New State's Fund IV and was done in partnership with independent sponsor Amethyst Capital Group, the sixth time New State has teamed with an independent sponsor.

“The transaction marks the first platform investment in New State’s Fund IV. New State partnered with Amethyst Capital Group, LLC, an independent sponsor experienced in business and infrastructure service companies. The deal represents the sixth time New State has teamed with an independent sponsor.”

Entities

Amethyst Capital Group, LLC · Sponsor Harrell-Fish Inc. · Platform New State Capital Partners · Sponsor
HVACPlumbing

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