During November 2022, VPEG5 completed a $20 million investment commitment to Next Capital Fund V.
Next Capital Fund V (“Next V” or “the Fund”) managed by Next Capital Management Pty Limited of Sydney, is a target $350 million Fund focused on investment into the lower to mid market expansions and buyout opportunities across Australia and New Zealand.
Next Capital Management is one of the longest standing independent private equity firms in Australia, specialising in growth capital opportunities with a focus on the lower to mid market buyout segment. Next has a highly experienced team, with the senior team having one of the longest investing track records in Australia and New Zealand, dating back to 1987 when the Founding Partners led the successful private equity business of Macquarie Bank in Australia for over 22 years.
Next Capital believe that companies within the lower to mid market segment are able to grow more rapidly than their larger counterparts. Next Capital’s partnership philosophy towards investee relationships means that experienced, capable management teams and company stakeholders can execute their expansion plans confident of support from Next Capital. Next Capital’s operational focus, extensive networks and industry expertise has seen them successfully build niche market leaders across many industry segments.