# Next Fund

Next Fund is a Private Equity based in Ningbo, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Ningbo, China
- **Region:** Asia
- **Address:** Ningbo, Zhejiang, China
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/next-fund-ca

## Regulatory record

- **Reports private funds:** No

## About

Nomura Asset Management Co., Ltd is a Japanese asset management firm established in 1959. The firm's Next Fund made one investment in Merrimack Pharmaceuticals on April 19, 2011, as part of their Growth Equity. The fund exited Merrimack Pharmaceuticals on March 29, 2012.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- Industrial Tech

## Questions

### Does Next Fund make direct co-investments, or only fund commitments?

Based on its classification as a pure fund-of-funds manager, Next Fund's primary activity is committing to underlying venture capital funds rather than executing direct company investments or co-investments alongside its general partners. The firm's stated strategy focuses on fund-of-funds allocations to early-stage seed and startup vehicles.

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

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