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Partners

  • Three of Next Capital's Partners, Sandy Lockhart, Patrick Elliott and John White are former principals of Macquarie Bank's private equity arm, Macquarie Direct Investment (MDI). MDI raised four private equity funds that generated an average internal rate of return of around 30% from the 33 realised deals at the time of the Partners' departure.
  • James Murphy joined the partnership in 2014, following a period as an Investment Director. James’ background is in investment banking and strategy consulting.
  • The Principals' combined 50 years of private equity experience and strong track record convinced blue-chip Australian institutions to invest A$265 million with Next Capital in its first fund in 2005, which was oversubscribed. The $A285 million fundraising for Next Capital II was concluded in 2009, and introduced a number of international Fund of Funds. The $A256 million fund raising for Next Capital III closed in May 2016 and introduced several new international investors.

Approach

The Next Capital team structure and internal approval process allows us to be quick and flexible in decision making, while adhering to appropriate standards of due diligence and risk management. Our business model, which is based on the concept of “partnership” with investee company management, means that experienced, capable management teams and company stakeholders can execute their expansion plans confident of support from Next Capital.