NEXT Investors Named a Top 10 Global Growth Capital Firm in 2025 HEC-DowJones Ranking
We are pleased to share that NEXT Investors has been ranked #9 in the 2025 HEC-DowJones Growth Capital Performance Ranking, which lists the world’s top Growth Capital firms based on aggregate historical performance.
The annual ranking evaluates private equity firms using a proprietary methodology designed to assess aggregate performance across multiple funds. The 2025 Growth Capital ranking analyzed performance data from 183 Growth Capital firms and 440 funds raised between 2012 and 2021, representing approximately $351 billion in aggregate equity volume.
The HEC-DowJones methodology considers performance across different vintage years and incorporates both relative and absolute returns. It also uses multiple measures of performance, including IRR, DPI, and TVPI, to evaluate a firm’s aggregate performance across qualifying funds.
“We are honored to be recognized in the 2025 HEC-DowJones Growth Capital Performance Ranking,” said Greg Grimaldi, Managing Partner of NEXT Investors. “Our team remains focused on identifying growth opportunities and partnering with exceptional founders and management teams in the markets we know best.”
- Greg Grimaldi, Managing Partner, NEXT Investors
Further detail on the ranking and methodology can be found here: HEC Paris Dow Jones Rankings
Disclosures
Past performance is not indicative of future results. Reference to an award or ranking 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 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. This ranking was created and tabulated by HEC Paris and DowJones and includes performance data from 183 Growth Capital firms and the 440 funds they raised between 2012 and 2021, representing aggregate equity volume of $351 billion. The ranking was released on 7/9/2026 and was based on performance data gathered as of May 2025 from Preqin and directly from private equity firms. The ranking may not reflect important information related to an evaluation of the investment adviser that occurred prior to, or subsequent to, the award and may not be representative of a particular investor’s return. There is no guarantee that other rankings would reach the same conclusions regarding NEXT Investors.