NewSpring Capital, a venture capital firm based in Radnor, invested more than $20 million in a pair of companies last week, writes Dan Norton of the Philadelphia Business Journal.

NewSpring dedicated $12.8 million to Altus, a Kenner, La.-based commercial debt collection agency. Now licensed in every state, Altus is one of the largest of such agencies in the country, according to Norton.

The Main Line firm partnered with Evergreen Industries on the investment, and the capital will be used to double Altus’s corporate footprint over the next five years.

“We will assist management to successfully capitalize on Altus’s strategic growth initiatives in order to provide their customers with broader, more extensive coverage and consistent, world-class service levels,” said NewSpring general partner Andrew Panzo.

On April 1, NewSpring invested $9.6 million of debt financing and minority equity in South Moon Under, a fashion company that started as a surf shop in Ocean City, Md. South Moon Under has since expanded to 24 stores along the East Coast from Virginia to Connecticut.

South Moon Under will also add a new executive team. White House Black Market, a Fort Myers, Fla. Women’s clothing retailer, partnered with NewSpring on the investment.

“[South Moon Under] has managed to profitably navigate fashion trends for over 45 years,” said NewSpring general partner Greg Barger. “Now, with additional capital and leadership, South Moon Under is well-poised for continued growth and success.”

Click here to read more about NewSpring’s investments.