Next Wave achieves a final close of its Next Wave Ventures Fund 1 LP.
Next Wave, the independent private equity group has closed its NWV Fund 1 LP at £21.7m.
The fund was raised by the investment Partners, Stephen Walls and Jonathan Brod, to target an underserved niche in the investment market providing £1-5m of growth capital.
“We believe that our team, which draws together deep financial, management, entrepreneurial, strategic and investment skills, will add significant value to our portfolio companies and be a great attraction to management team’s looking for growth capital funding. Since its formation in 2002, Next Wave’s has seen clear evidence that the growth capital market in the £1-5m equity investment space, remains underserved and we plan to start to redress that.” – Jonathan Brod, Partner
The Fund will provide investments in growth capital, buy & build, and pre IPO situations. It will focus on business services, consumer products and services and renewable energy sector investments.
