NextGen Growth Partners, a Chicago, IL-based private investment firm, closed its third fund, at $165m.
NextGen Growth Partners Fund III, LP, received capital commitments from new institutional partners alongside continued support from its existing partners.
Through Funds I and II, NGP has completed over 20 acquisitions, with a goal of creating a holistic approach to supporting the growth and development of flourishing companies.
With Fund III, the firm aims to further its mission of partnering with talented entrepreneurs to foster innovation and growth.
Since the close of Fund II, LP, in May 2022, NGP has seen significant growth, particularly in talent development, investments, and value creation initiatives to further support its Entrepreneurs-in-Residence (EIRs) and their thesis-driven, proprietary search process.
The firm is led by Brian O’Connor, Founder and Managing Partner.
FinSMEs
19/08/2024