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Credit Suisse Asset Management’s NEXT Investors Closes Second Fund at USD 261 million
Credit Suisse Asset Management’s NEXT Investors, a leading experienced growth investor in financial technology companies, announced today the final closing of NEXT Investors II, L.P. (the “Fund”), with approximately USD 261 million of capital commitments. The Fund will invest in growth-oriented technology and financial services businesses.
Alan Freudenstein, Co-Head and Portfolio Manager of NEXT Investors at Credit Suisse Asset Management, said, “The team at NEXT Investors has been investing together for over 18 years, and by leveraging Credit Suisse’s broad banking and technology platform, we are uniquely positioned to source and evaluate investment opportunities in financial services technology and to create value for our portfolio companies.”
Greg Grimaldi, Co-Head and Portfolio Manager of NEXT Investors at Credit Suisse Asset Management, added, “We are pleased to have the ongoing support of our expanding Limited Partner base, helping us exceed our fundraising target for the Fund, which is a testament to our investment strategy and approach.”
The Fund has a diverse group of investors, including financial institutions, ultra-high net worth individuals, fund of funds, and family offices, and represents a global investor base across the Americas, Europe and Asia Pacific.
NEXT Investors identifies minority growth equity investment opportunities in private technology and services companies globally where the team has domain expertise and actionable edge. The team’s portfolio comprises high-growth private businesses that interact with the financial services industry across sectors including Market Structure, Financial Technology, Enterprise Software, Data Analytics and Specialty Finance. The team has deployed USD 498 million in capital across 71 investments.
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