Next Century Growth Investors

Growth Equity Asset Managementncgrowth.com

Next Century Growth Investors is a privately held, SEC-registered boutique investment adviser founded in 1998, managing ~$1.375B across four U.S. growth-equity strategies (micro, small, SMID, and large cap) for institutional, wealth, and non-US investors via separate accounts, mutual fund sub-advisory, and a UCITS fund.

Company typePrivate
Founded1998
HeadquartersMinneapolis, United States
Headcount1–10
GTM typeB2B
OfferingServices

What Next Century Growth Investors does

Next Century Growth Investors, LLC (NCG) is a privately held, SEC-registered investment adviser (CRD#108978) headquartered in Plymouth, Minnesota. Founded by Tom Press in November 1998, the firm operates as a boutique U.S. growth-equity specialist, 80% owned by its active portfolio manager partners. NCG runs four separate-account strategies — Micro Cap Growth (inception 2003, $537M AUM as of 03/31/2026), Small Cap Growth (inception 1999, $628M AUM), SMID Cap Growth (inception 2000, $26M AUM), and Large Cap Growth ($184M AUM) — for a combined ~$1.375B in assets under management. The firm is GIPS-compliant and reports composite performance under CFA Institute standards.

The investment platform is built on a proprietary, disciplined growth-investment process combining top-down thematic identification with bottom-up fundamental analysis and a documented sell discipline, refined continuously since 1998. The same five portfolio managers (Tom Press, Bob Scott, Peter Capouch, Kaj Doerring, Tom Dignard) run all strategies, supported by a trader, an institutional sales and marketing lead, a CFO/CCO, and operations staff — a focused team of approximately ten. The team cites 100+ years of combined investment experience as a core differentiator.

NCG monetizes its investment process through three distribution channels: (1) direct institutional separate accounts sold primarily through consultant-driven relationships with US pensions, endowments, foundations, insurance general accounts, and family offices, on negotiated, tiered, asset-based fee schedules; (2) US mutual fund sub-advisory via RiverPark Funds Trust for the RiverPark/Next Century Growth Fund (small cap, inception June 2023) and the RiverPark/Next Century Large Growth Fund (inception December 2023), earning basis-point sub-advisory fees on fund AUM; and (3) the NCG US Small Cap Growth UCITS Fund (inception October 2022), distributed to non-US institutional and professional investors via Candoris, earning asset-based management fees. Marketing is concentrated on the firm's owned website, Portfolio Manager Commentary, fact sheets, quarterly investor letters, and GIPS-compliant reporting — a content-driven, consultant-oriented motion rather than a paid-media or product-led approach.

Next Century Growth Investors firmographics

Firmographics

Name: Next Century Growth Investors
Legal name: Next Century Growth Investors, LLC
Website: https://ncgrowth.com
Company type: Private
Founded year: 1998
Operating status: Operating
Headcount range: 1–10 employees
Short description: Next Century Growth Investors is a privately held, SEC-registered boutique investment adviser founded in 1998, managing ~$1.375B across four U.S. growth-equity strategies (micro, small, SMID, and large cap) for institutional, wealth, and non-US investors via separate accounts, mutual fund sub-advisory, and a UCITS fund.
Ownership category
akta.pro rank

Next Century Growth Investors industry classification

Industry

Product category: Growth Equity Asset Management
NAICS: Investment Banking and Securities Intermediation (523150)
SIC: Investment Advice (6282)
akta.pro primary industry: Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

Growth equity management
Separately managed accounts
Mutual fund sub-advisory
Institutional asset management
UCITS fund management

Where Next Century Growth Investors is headquartered

Location

Headquarters

HQ city: Minneapolis
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Next Century Growth Investors business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Separate Account Investment Management Fees: Recurring asset-based fees charged on institutional separately managed accounts across Micro Cap, Small Cap, SMID Cap, and Large Cap Growth strategies. Pricing is typically tiered by AUM and negotiated; not publicly disclosed.
Mutual Fund Sub-Advisory Fees: Recurring sub-advisory fees earned as portfolio manager of the RiverPark/Next Century Growth Fund (small cap) and RiverPark/Next Century Large Growth Fund, calculated as a basis-point fee on fund AUM.
UCITS Fund Management Fees: Recurring asset-based management fees earned on the Next Century Growth UCITS Fund, serving non-US institutional and professional investors; distributed via Candoris.

Pricing tiers

Model	Billing	Price
Subscription	Annual	RiverPark/Next Century Growth Fund - Investor Class (RGFRX) mutual fund with published expense ratio (gross/net)
Subscription	Annual	RiverPark/Next Century Large Growth Fund - mutual fund with published expense ratio
Other	Multi-year contract	Institutional Separate Accounts - quote-based pricing

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Next Century Growth Investors product offering

Product offering

Core offering

Next Century Growth Investors (NCG) is a boutique, SEC-registered investment adviser that manages growth equity portfolios for institutional and professional investors across four capitalization segments (Micro Cap, Small Cap, SMID Cap, and Large Cap Growth). The firm delivers its strategies through three distribution wrappers: institutional separately managed accounts, U.S. mutual funds sub-advised via RiverPark Funds, and a UCITS fund for non-U.S. investors distributed via Candoris. All strategies share NCG's underlying growth-investing philosophy, internally driven research, and team-based portfolio management.

Product overview

Next Century Growth Investors (NCG) operates a single integrated investment management offering organized as a platform of growth-equity strategies, delivered through three distribution channels: (1) Separate Accounts — including the Micro Cap Growth, Small Cap Growth, SMID Cap Growth, and Large Cap Growth strategies, each investing in the fastest-growing and highest-quality US growth companies within its capitalization segment; (2) Mutual Funds — the RiverPark/Next Century Growth Fund (small cap) and RiverPark/Next Century Large Growth Fund, for which NCG acts as sub-adviser; and (3) a UCITS Fund — the NCG US Small Cap Growth Fund, for which NCG serves as investment manager and which is distributed to non-US investors via Candoris. All strategies share NCG's underlying growth-investing philosophy, internally driven research, and team-based portfolio management process, with the same portfolio managers (Tom Press, Bob Scott, Peter Capouch, Kaj Doerring, and Tom Dignard) running all strategies.

Differentiator

Problem solved

Functional benefit

Brands

NCG Micro Cap Growth Strategy: Separate account strategy investing in fastest-growing US micro cap growth companies; benchmark Russell Microcap Growth Index; inception January 1, 2003.
NCG Small Cap Growth Strategy
NCG SMID Cap Growth Strategy
NCG Large Cap Growth Strategy
NCG US Small Cap Growth Fund (UCITS)

Products and services

NCG Micro Cap Growth Strategy Long-term capital appreciation strategy that invests in the fastest-growing and highest-quality U.S. micro cap growth companies, benchmarked against the Russell Microcap Growth Index. Inception date January 1, 2003; approximately 40-60 holdings.
NCG Small Cap Growth Strategy Long-term capital appreciation strategy that invests in the fastest-growing and highest-quality U.S. small cap growth companies, benchmarked against the Russell 2000 Growth Index. Inception date January 1, 1999; approximately 40-60 holdings.
NCG SMID Cap Growth Strategy Long-term capital appreciation strategy that invests in the fastest-growing and highest-quality U.S. small/medium capitalization growth companies, benchmarked against the Russell 2500 Growth Index. Inception date April 1, 2000.
NCG Large Cap Growth Strategy Long-term capital appreciation strategy that invests in the fastest-growing and highest-quality U.S. large cap growth companies, benchmarked against the Russell 1000 Growth Index. Approximately 25-40 holdings; individual positions generally limited to 12% of portfolio.
RiverPark/Next Century Growth Fund Mutual fund for which NCG serves as investment sub-adviser, seeking long-term capital appreciation through investment in the fastest-growing and highest-quality U.S. small cap companies. Inception date June 30, 2023; benchmarked against the Russell 2000 Growth Index. Offered in Institutional (RPNIX) and Retail (RPNCX) share classes.
RiverPark/Next Century Large Growth Fund Mutual fund for which NCG serves as investment sub-adviser, seeking long-term capital appreciation through investment in the fastest-growing and highest-quality U.S. large cap companies. Inception date December 31, 2023; benchmarked against the Russell 1000 Growth Index. Offered in two share classes (RPNLX and RPNRX).
NCG US Small Cap Growth Fund (UCITS) UCITS fund for non-U.S. investors for which NCG is appointed as investment manager, seeking long-term capital appreciation by investing in the fastest-growing and highest-quality U.S. small cap companies. Inception date October 11, 2022; benchmarked against the Solactive GBS US Small Cap Index. Distributed via Candoris.

Quantifiable outcome

$1.375B+ combined AUM across four growth strategies (Micro Cap $537M, Small Cap $628M, SMID $26M, Large Cap $184M)
+2 more outcomes

Companies that use Next Century Growth Investors

Customer profile

Segments3 records

Ideal customer profiles3 records

Next Century Growth Investors technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Next Century Growth Investors partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered flagship / core gtm partnership and core - non-u.s. distribution.

RiverPark Fundsflagship / core gtm partnershipOEM/ Whitelabel/ Licensing PartnerRiverPark Funds is the primary U.S. mutual fund vehicle through which NCG's growth equity strategies are distributed to retail and wealth investors. NCG serves as sub-adviser to the RiverPark/Next Century Growth Fund (small cap) and the RiverPark/Next Century Large Growth Fund, managing portfolio construction while RiverPark handles fund administration, distribution, and intermediary relationships.
Candoriscore - non-u.s. distributionChannel Partner/ Reseller/ DistributorCandoris is the distribution and platform partner for the Next Century Growth UCITS Fund, enabling NCG to offer its growth equity strategy to non-U.S. institutional and professional investors in a regulated UCITS wrapper with daily liquidity.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Next Century Growth Investors competitors and assessment

Company assessment

Direct peers

Wasatch Advisors: Boutique US small cap growth specialist with institutional separate accounts and mutual funds. Comparable to NCG on small cap growth philosophy, boutique culture, and multi-channel distribution via mutual fund wrappers.
Champlain Investment Partners: Boutique concentrated US small/mid and large cap growth equity manager serving institutional and advisor clients. Comparable to NCG in process (fundamental, concentrated), boutique structure, and multi-cap strategy lineup.
Brown Capital Management: Long-tenured, employee-owned boutique specializing in US small and mid cap growth equities. Directly comparable to NCG's micro and small cap growth strategies on style, ownership alignment, and institutional separate account focus.
Polen Capital: Boutique, concentrated US growth equity manager with institutional separate accounts and mutual fund vehicles. Highly comparable to NCG on philosophy (high-quality, high-conviction growth), boutique scale, and distribution mix across institutional and wealth channels.
Geneva Capital Management: Wisconsin-based boutique focused on US small/mid cap growth equities for institutional clients. Closely comparable to NCG's small and SMID cap strategies in style, scale, and institutional separate account delivery.
WCM Investment Management: Boutique concentrated global and US growth equity manager with institutional and mutual fund presence. Comparable to NCG's large cap growth strategy on high-conviction, quality-growth philosophy and similar boutique institutional positioning.

Broad incumbents

Westwood Holdings Group: Public asset manager offering US large cap growth, value, and multi-asset strategies to institutional clients. Overlaps with NCG's large cap growth product but operates at meaningfully larger AUM scale and broader capability set.
Loomis Sayles: Large multi-affiliate active manager with US growth equity strategies among a much broader fixed income and equity lineup. Comparable to NCG's growth strategies as a competing growth capability, but with materially larger scale and broader distribution.
Calamos Advisors: Mid-sized active manager with US growth equity strategies across multiple caps and vehicles. Comparable to NCG on growth style and institutional/retail distribution, but operates with a broader product set and meaningfully more AUM.

Others

RiverPark Funds: US mutual fund platform that distributes NCG's small cap and large cap growth strategies via sub-advisory. Directly comparable as a distribution and wrapper partner rather than a competitor, since NCG manages the underlying portfolios.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Next Century Growth Investors financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Next Century Growth Investors leadership team

Management profile

Number of profiles

Profiles9 records

Next Century Growth Investors subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Next Century Growth Investors funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Next Century Growth Investors M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Next Century Growth Investors

What does Next Century Growth Investors do?

Is Next Century Growth Investors a public or private company?

Next Century Growth Investors is a private company. It is classified as management employee owned and is currently operating.

When was Next Century Growth Investors founded?

Next Century Growth Investors was founded in 1998. It employs 1 to 10 people.

Where is Next Century Growth Investors based?

Next Century Growth Investors is headquartered in Minneapolis, United States, in the North America region.

How does Next Century Growth Investors make money?

Three revenue lines are on record. Separate Account Investment Management Fees are the primary driver. The others are mutual Fund Sub-Advisory Fees and UCITS Fund Management Fees.

Who are Next Century Growth Investors's main competitors?

Direct peers on record are Wasatch Advisors, Champlain Investment Partners, Brown Capital Management, Polen Capital, Geneva Capital Management and WCM Investment Management. Broad incumbents are Westwood Holdings Group, Loomis Sayles and Calamos Advisors. RiverPark Funds is listed as an others.

Does Next Century Growth Investors have an API?

No public API is recorded for Next Century Growth Investors.

What industry is Next Century Growth Investors in?

Next Century Growth Investors's product category is Growth Equity Asset Management. Its primary akta.pro industry code is FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 523150 and its SIC code is 6282.