NexTFund Capital

NexTFund Capital

NexTFund Capital operates from Paris as an independent private equity partnership co-founded by Maurice Khawam and Gabriel Amiel. The firm describes itself as a team of entrepreneurs and financiers who invest when "strong interaction and financial resources are equally important." Its portfolio reveals a willingness to back companies early in their scaling journeys; the firm completed its fourth investment in September 2004 when it backed MobileGlobe, a mobile virtual network operator targeting international and fixed-to-mobile optimization. Other known positions include NSN Group, the designer behind mobile-device brands QTEK, HTC and DANEW, and Amalto Technologies, an e-exchange provider for the oil and gas industry. The partnership pursues control and minority growth deals in privately held European SMEs, generally below €20 million in annual revenue. Sector coverage spans innovative firms with proprietary CleanTech or renewable-energy technology, service companies with organic or external growth drivers, and traditional industrial businesses where founders are applying technology or clean-energy innovation to open new product lines. The firm’s website identifies solar-energy-driven companies as a primary target and lists the remote energy-asset monitoring platform PV-Manage among its holdings. Geographic emphasis falls on France, though the team has maintained a real-estate position in Italy — the senior-living asset Villa Carlotta — and has been in a divestment process for that holding. NexTFund does not publicly disclose assets under management or total deployment figures. The senior leadership comprises President and Managing Partner Maurice Khawam alongside Managing Partners Jean-François Grenon and Gabriel Amiel. Amiel also serves on the advisory board for the University of Miami’s MRED+U program. The firm is a member of the French Venture Capital Association (AFIC) and operates NTF Energy, a related vehicle developing solar-energy projects in France. What distinguishes NexTFund’s structure is its ad-hoc investment model: instead of a fixed in-house sector team, the firm assembles deal-specific squads that blend financial engineering with operational expertise drawn from the partners’ personal networks. This boutique construction has let the partnership move as a concentrated, conviction-driven investor rather than a diversified allocation platform — a model that depends heavily on the continuity of its three managing partners.