Madison, Wisconsin-based Northern Capital Management is readying the initial fund in a new family, according to a filing with the SEC. The NorCap Growth fund will be the initial offering in the NorCap Funds. Officials at the firm were not reachable by press time.

Northern Capital currently acts as the subadvisor to the Frontegra Growth fund that is one of four funds in that firm's lineup. It has made its own asset management services available to institutional investors and high net worth clients and currently manages some $1.4 billion of assets.

The firm's Web site lists Evan Weston as its director of marketing.

The new fund will carry an expense ratio of 80 basis points after a fee waiver. The prospectus lists a management fee of 80 basis points and 75 basis points of charges for other expenses. The no-load fund will require a minimum initial investment of $1,000.  

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