NEXT Investors Recognized Among Top-Performing Fund Families in PitchBook’s 2025 Manager Performance Score League Tables

NEXT was awarded the “Gold Badge” by Pitchbook

We’re pleased to announce that NEXT Investors has been recognized in PitchBook’s 2025 Manager Performance Score League Tables as part of PitchBook’s larger annual Global League Table Awards program. The rankings leverage proprietary scoring methodology to deliver an objective, data-driven view of performance beyond traditional benchmarks—revealing which managers have outperformed across fund types and global markets.

PitchBook’s Global League Table Awards program highlights market-leading firms, lenders, and service providers who shape the direction of both private and public capital markets. Backed by the industry’s most comprehensive data and research across asset classes, geographies, sectors, strategies, and segments, PitchBook’s rankings deliver a well-informed, unparalleled view of the market landscape. Market participants leverage PitchBook’s League Tables to showcase performance, identify potential partners, and understand competitors and industry disrupters.

NEXT Investors is proud to rank #8 in the ‘PE growth/expansion’ category, receiving a “gold badge.” NEXT focuses on growth-stage investments in financial services technology and enterprise software, where the firm seeks to combine deep domain expertise, rigorous investment discipline, and an experience-driven approach to partnership. The firm’s strategy is centered on identifying compelling growth opportunities and working alongside founders and management teams building the next generation of industry leaders.

“We believe this recognition reflects the focus and discipline that have guided NEXT Investors since our founding. Our team brings deep domain expertise, rigorous underwriting, and an experience-driven approach to investing in financial services technology and enterprise software. We’re honored to be recognized by PitchBook and remain focused on partnering with exceptional founders and management teams building the next generation of industry leaders.”

- Greg Grimaldi, Managing Partner, NEXT Investors

*About the Ranking

PitchBook’s Manager Performance Score League Tables rank private fund managers’ historical track records utilizing proprietary methodologies developed by its Quantitative Research team. 

The framework allows LPs and GPs to cut through the noise of benchmarking returns and provides a standardized way to identify historically top-performing fund families.Typical benchmarking metrics that scrutinize a fund manager’s firm-level performance regardless of asset class can be too wide, and focusing on funds by IRR quartiles across peers can be too blunt. PitchBook’s Manager Performance Scores provide an objective measure of a fund family’s historical returns.

The 2025 rankings leverage gold, silver, and bronze badges to further enhance the interpretability of scores:

  • Gold badge: Fund families in the top 10 percent of performance scores within their strategy

  • Silver badge: Fund families between the 75th and 90th percentiles

  • Bronze badge: All fund families with scores above the neutral 50 threshold


Toview the full list of badge recipients and learn more about the ranking methodology, click here >

Disclosures

Past performance is not indicative of future results. Reference to an award is only one piece of information relevant to an evaluation of an investment adviser such as NEXT Investors and should not be construed as an endorsement. Recognition presented herein is from third parties that are not affiliated with NEXT Investors, and these third parties independently assess firms’ submitted performance based on multiple criteria. NEXT Investors did not provide cash or non-cash compensation directly or indirectly in connection with obtaining or distributing this ranking. These rankings are by no means an endorsement by PitchBook of any managers included, nor are the Performance Scores to be used as indications of future performance. The Scores are an objective measure of past performance and are to be used for informational purposes. PitchBook takes great effort to ensure the quality of all datasets, but revisions inevitably occur, and new data will be added that can materially impact the rankings in the future. This ranking was published on 7/28/2026 with NEXT Investors performance data as of 12/31/2025, and may not reflect important information related to an evaluation of the investment adviser, which has occurred prior to, or subsequent to, the award and may not be representative of a particular investor’s return. Click here for PitchBook’s report methodologies.There is no guarantee that other rankings would reach the same conclusions of NEXT Investors.