9AT: NEXTGEN GROWTH PARTNERS, LLC

other names

NEXTGEN GROWTH PARTNERS, LLC

Adviser Profile

As of Date	03/26/2025
Adviser Type - Large advisory firm
Number of Employees	15 66.67%
of those in investment advisory functions	5 25.00%
Registration	SEC, Approved, 04/29/2022
Other registrations (1)	SEC, ERA - Withdrawn, 03/29/2022
Former registrations	NEXTGEN GROWTH PARTNERS, LLC

AUM^*	433,352,655 163.17%
of that, discretionary	433,352,655 163.17%
Private Fund GAV^*	443,452,654 88.98%
Avg Account Size	54,169,082 31.58%
SMA’s	No
Private Funds	13 9
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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count13	GAV$443,452,654

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser VIDEN ARBOR CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund6.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.4m	AUM181.4m	#Funds1
Adviser SCALEWORKS CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund124.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV124.7m	AUM271.1m	#Funds6
Adviser ELEVAGE PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.0m	AUM147.0m	#Funds3
Adviser SKYLARK PRIVATE EQUITY PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund188.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV188.0m	AUM188.0m	#Funds2
Adviser EDEN CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund309.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV309.4m	AUM359.6m	#Funds3
Adviser PANDION ASSET MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund90.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV90.1m	AUM90.1m	#Funds2
Adviser VICTOR CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund513.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV513.2m	AUM513.2m	#Funds10
Adviser TRENT CAPITAL MANAGEMENT INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM140.9m	#Funds-
Adviser LWO LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund401.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund18.1m	Total Private Fund GAV419.3m	AUM539.5m	#Funds8
Adviser GREY ROCK MANAGEMENT PARTNERS IV, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund703.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV703.3m	AUM703.4m	#Funds10

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.

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NEXTGEN GROWTH PARTNERS, LLC

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