NextGen Growth Partners Announces Trio of Promotions

Chicago-based private equity investor NextGen Growth Partners has made three promotions with the recent closing of its third vintage flagship fund, the company announced in an October 28 press release.

Eric Wilson has been elevated from principal to partner in portfolio operations, Nick Olmstead to vice president for investments from private equity senior associate, and Jenna Schmitt to senior finance associate from finance and accounting associate. The promotions come not long after the firm closed its oversubscribed NextGen Growth Partners Fund III, hitting its hard cap of $165M in aggregate commitments.

NextGen holds approximately $234M in assets from pooled investment vehicles, as of its SEC ADV filing from March 27.

View the press release here.