NextGen Growth Partners Announces Key Promotions as Fund III Gains Momentum

CHICAGO--(BUSINESS WIRE)--NextGen Growth Partners (NGP), a leading private equity firm specializing in Entrepreneurship Through Acquisition (ETA), is proud to announce the promotion of three key team members: Eric Wilson to Partner, Portfolio Operations, Nick Olmstead to Vice President, Investments, and Jenna Schmitt to Senior Finance Associate. These promotions come as NGP successfully launches Fund III, its largest fund to date, at $165 million, further reinforcing the firm’s focus on talent development and long-term growth.

Eric Wilson, promoted to Partner, Portfolio Operations, has been with NGP since 2022 and has built the firm’s Portfolio Operations Function from the ground up. Over the past two and a half years, Eric has institutionalized a value creation strategy that has been essential to scaling NGP’s portfolio companies. His efforts have equipped NGP’s Entrepreneurs-in-Residence (EIRs) with the tools to execute transformative growth initiatives. Eric’s contributions have been central to the firm’s operational success, ensuring that every portfolio company is supported by a tailored growth strategy.

Nick Olmstead, promoted to Vice President, Investments, has played a key role in executing numerous acquisitions since joining NGP in 2021. His diligence in evaluating and transacting upon opportunities has been pivotal in expanding NGP’s portfolio, and his commitment to the ongoing success of these companies has exemplified the firm’s mission of creating sustainable, long-term value. Nick’s efforts have strengthened NGP’s presence in the lower-middle market and supported the firm’s thesis-driven approach.

Jenna Schmitt, promoted to Senior Finance Associate, has been a critical figure in facilitating Fund III logistics and ensuring NGP’s financial operations run smoothly since joining in 2023. Her expertise in finance and accounting has played an essential role in maintaining transparency and operational excellence as the firm grows. Jenna’s contributions have been instrumental in enabling NGP to scale its operations and continue delivering exceptional results to its investors.

“These promotions reflect the outstanding contributions Eric, Nick, and Jenna have made to our firm’s success,” said Brian O'Connor, Founder and Managing Partner of NextGen Growth Partners. “As we continue to grow, it’s the dedication and leadership of people like Eric, Nick, and Jenna that allow us to achieve remarkable results and stay true to our mission. Their talent and commitment are what drive us forward, and we’re proud to have them as part of NGP. We’re excited to see all that they will accomplish in the years ahead.”

NGP recently closed Fund III at $165 million, surpassing its target in a challenging fundraising environment. This fund builds on NGP’s unique approach of partnering with talented entrepreneurs and providing them with the operational and strategic support necessary to grow lower-middle market businesses. With over 20 acquisitions completed through Funds I and II, NGP remains focused on building sustainable, high-growth companies that create lasting value.

About NextGen Growth Partners

NextGen Growth Partners (NGP) is a Chicago-based private equity firm that partners with entrepreneurs through an Entrepreneurship Through Acquisition (ETA) model. NGP works with experienced operators to acquire and grow small and medium-sized businesses across a range of industries. NGP's hands-on approach and commitment to long-term value creation have made it a trusted partner for business leaders and investors alike.

For more information, please visit https://nextgengp.com.