# Next Act Fund

Next Act Fund is an Asset Manager based in Pittsburgh, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** Pittsburgh, PA, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.nextactfund.com
- **LinkedIn:** https://www.linkedin.com/company/nextactfund

## Regulatory record

- **Reports private funds:** No

## About

We help women grow their personal wealth by investing in early-stage, women-owned/led companies, thereby positively impacting women, the region, and the nation. Next Act Fund has achieved over $3 million in investment funding that will focus on women-owned/led businesses.

## Sectors

- Enterprise Software
- Digital Health
- FemTech
- ClimateTech
- EdTech
- Media & Entertainment

## People

- Yvonne Campos — Founder and President

## Questions

### Who runs investment decisions at Next Act Fund?

Founder and President Yvonne Campos leads the firm, but Next Act Fund operates as a membership-based angel network rather than a traditional top-down asset manager. Members — individual women investors — collectively participate in deal screening and selection, giving them a direct role in the decisions. The firm does not disclose a separate CIO or investment committee beyond Campos and the member base.

### How does Next Act Fund source proprietary deal flow?

Campos's longstanding ties to the Pittsburgh entrepreneurial ecosystem, including her dual chapter presidencies for the Women President's Organization, provide local top-of-funnel. The firm also draws from co-investor pipelines at BlueTree Allied Angels, 412 Venture Fund, and First Check Fund — networks where Campos and her business partners Ilana Diamond and Lynn-Ann Gries are active. Additionally, fund commitments to Portfolia's thematic vehicles give the group exposure to nationally sourced, women-led deal flow without running a proprietary origination engine.

### Which sectors does Next Act Fund explicitly avoid?

Next Act Fund does not publish an explicit avoid list, but its generalist mandate and actual portfolio point toward a pragmatic avoidance of capital-intensive deep-tech hardware, heavy industrials, and life-sciences therapeutics outside of digital health. The portfolio clusters in enterprise software, digital health, consumer products, and femtech — asset-light, commercially proven models that suit angel-scale checks and a member-driven decision process.

### Is Next Act Fund currently accepting new members or deploying fresh capital?

As of the most recent public update on the firm's website, Next Act Fund is not accepting new funding applications. It states that capital for new and follow-on investments has been fully deployed. Whether the firm plans a subsequent fund or vehicle has not been publicly disclosed.

## Related profiles

- [Next54](https://altss.com/profile/next54)
- [Nextalia](https://altss.com/profile/nextalia)

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Last updated: 2026-06-03T20:00:00.000Z

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