NEXTGEN GROWTH PARTNERS, LLC

other names
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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 11 22.22%
of those in investment advisory functions 4
Registration SEC, Approved, 04/29/2022
Other registrations (1)
Former registrations

NEXTGEN GROWTH PARTNERS, LLC

AUM* 234,655,766 42.50%
of that, discretionary 234,655,766 42.50%
Private Fund GAV* 234,655,766 42.50%
Avg Account Size 58,663,942 42.50%
SMA’s No
Private Funds 4
Contact Info (31 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
165M 141M 118M 94M 71M 47M 24M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$234,655,766

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Brochure Summary

Overview

NextGen was founded in 2016 by Brian O’Connor and Josh Dennis. The Firm provides discretionary investment management services to private investment vehicles that are typically structured as limited partnerships. NextGen Growth Partners Fund I, LP, NextGen Growth Partners Fund II, LP, NextGen Growth Partners Fund II-B, LP, and a co-invest vehicle, NGP II ABD Co-Invest, LP make private equity and equity- related investments in EBITDA-positive, lower-middle-market companies. Unless clearly specified otherwise, the aforementioned private investment vehicles are collectively referred to herein as the “Clients.” The Clients invest primarily in control-oriented buyouts of privately held businesses with $1 million to $5 million in annual EBITDA. The Clients utilize an operator-led approach in which an Entrepreneur-in-Residence (“EIR”) assists in the sourcing and execution of each transaction. Investment advice is provided directly to each Client itself and not to the individual
investors in the Clients. NextGen manages the Clients in accordance with the investment objectives and limitations set forth in each Client’s offering memoranda, governing documents, subscription agreements and any investment management agreement between NextGen and each Client (together, “Operative Documents”). NextGen has, and may in the future, enter into agreements, commonly known as “side letters,” with certain investors under which NextGen waives or modifies the application of certain investment terms applicable to such investors, without obtaining the consent of any other investor in the Clients (other than an investor whose rights would be materially and adversely affected by the waiver or modification). See “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss” below for more details. NextGen does not participate in wrap fee programs. As of December 31, 2023, NextGen managed approximately $234,655,766 of regulatory assets, all on a discretionary basis.