Venture Capital Access Online | The eMarketplace for the Venture Capital Industry



Contact Us





List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

VCPro Database 2021 New Edition Special Offer!
Buy Now for $119.95 with a FREE mid-year update in July 2021
Learn More or Buy Now

VCPro Database 2021 24th Edition -- a downloadable and searchable venture capital database with 6,400+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JANUARY 2021)

Learn More » or Buy Now »

NextGen Growth Partners Closes Inaugural Fund


CHICAGO, June 6, 2018-- NextGen Growth Partners LLC (NGP), a Chicago-based private equity firm that taps top entrepreneurs to acquire and grow businesses, today announced the final close of its inaugural fund, above its original $50 million target.

“We are thrilled with the ultimate investor group in this fund,” said Brian O’Connor, NGP Founder and Managing Partner. “It establishes a network of strategic investors and advisors that will be instrumental in the success of our strategy.”

NGP’s business model is to identify and mentor top talent within Chicago’s world-class entrepreneurial community – particularly business school alumni from the University of Chicago Booth School of Business and the Kellogg School of Management at Northwestern University, to serve as the leaders of growing companies across the country following an investment. NGP has partnered with six such entrepreneurs-in-residence (EIRs) to date.

Alongside the firm’s first EIR, Gabe Barkley, NGP made its first portfolio company investment in mid-2017. The company, MHW, Ltd., provides mission critical compliance, import and distribution services to the growing universe of beverage alcohol producers globally. MHW, in partnership with NGP, is growing rapidly, outperforming initial expectations.

“I am excited to partner with NGP and Gabe, our new CEO, to build the future of MHW,” said John Beaudette, MHW President and shareholder. “We are innovating and investing in the company to deliver the best possible service to our suppliers and clients in ways that weren’t before possible. We see an enormous opportunity ahead of MHW, brought on by the growing and evolving beverage alcohol industry, both domestically and globally. New and exciting brands and categories are coming to market every day and we are fortunate to be their trusted partner in successfully attacking the highly lucrative U.S. market.”

NGP is pursuing plans to partner with additional EIRs during the second half of 2018 and has two undisclosed investments set to close in the coming months. “Despite the frothiness in broader capital markets, we are finding a tremendous amount of value in our universe,” said Josh Dennis, NGP’s Vice President of Investments. “Most business owners appreciate that we bring more to the table than just capital. We believe this approach provides an enduring opportunity to acquire attractive businesses at fair prices.”

“NGP’s approach to investing in fundamentally sound small businesses, augmenting leadership with elite entrepreneurial-operators and surrounding them with seasoned, successful investors and industry veterans is proving to be a unique and successful strategy,” said NGP Investor and MHW Board Member Brad Morehead. “We are encouraged with NGP’s early progress and investment performance.”

NGP targets portfolio companies that generate annual cash flows between $1 million and $5 million. The firm’s EIRs work closely with O’Connor and other NGP principals and advisors to assume leadership positions within portfolio companies post-investment. The model helps owners and operators looking to expand the capabilities of the team or transition out of day-to-day management responsibilities entirely by offering both an operational and financial succession plan. As the majority shareholder, NGP principals and advisors take an active board role and provide mentorship and guidance as the new leadership team takes the company into its next chapter of growth.

“Operationally, we’re flexible,” said O’Connor. “We look to find situations that can benefit from our unique and direct, day-to-day operational approach and partner with those owner-operators to preserve their legacy and accelerate growth.”

NGP attributes its early success to the collaboration of some of Chicago’s most distinguished investment minds. Its many prominent investors, advisors and notable supporters include Mark Agnew, President and CEO of Lou Malnati’s; Dennis Chookaszian, former Chairman and CEO of CNA Insurance Companies; Andy Code, Co-Founder of Promus Holdings and Code Hennessy & Simmons; Steve Kaplan, renowned Professor of Entrepreneurship and Finance at Chicago Booth; Brad Morehead, former CEO of LiveWatch Security and Adjunct Lecturer at the Kellogg School of Management; and Ellen Rudnick, Senior Advisor and Adjunct Professor of Entrepreneurship at Chicago Booth.

About NextGen Growth Partners

Headquartered in the West Loop neighborhood of Chicago, NextGen Growth Partners is a private equity firm that partners with the best and brightest entrepreneurial talent to acquire, operate and grow lower middle market businesses across a variety of industries. The team has a strong track record of creating value through growth and operational improvement in middle market businesses. For more information, please visit

Rich Herrick, 312.882.8998
Chief Financial Officer

News Index

Venture Capital Database 



Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm


Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template


Copyright © 1998-2021 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer