NextStage AM
NextStage AM is an independent asset management company based in Paris, founded in 2002, specializing in multi-strategy private equity focused on innovative and growth-driven mid-market companies in France and Europe. As of June 2024, it manages nearly €8 billion in assets and supports a limited number of SMEs and intermediate-sized companies to accelerate their development and innovation capabilities.
Key facts
Recent exits
Coverage notes
10 funds tracked, 142 portfolio companies (80 active · 62 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
142 companiesFunds & portfolio
Every fund NextStage AM has raised, with its portfolio companies. Hand-checked from public filings.
FCPI NextStage CAP 2026Growth2026 · 0yr0 active
No portfolio companies tracked yet.
FPCI NextStage Championnes IVGrowth2025 · 1yr€108M3 active
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services |  France | 2021 | |
| TMT | France | 2025 | |
| – | – | 2026 |
France· Entry 2021France· Entry 2025NextStage Horizons2024 · 2yr1 active
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | France | 2024 |
France· Entry 2024FPCI NextStage Capital Entrepreneur IIIGrowth2024 · 2yr€100M3 active
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2025 | |
| TMT | France | 2025 | |
| TMT | France | 2022 |
France· Entry 2025France· Entry 2025France· Entry 2022FCPI NextStage Découvertes 2022-20232022 · 4yr0 active
No portfolio companies tracked yet.
Pepites & Territoires by AXAGrowth2021 · 5yr€500M7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | France | 2022 | |
| TMT | France | 2024 | |
| TMT | France | 2022 | |
| TMT | France | 2022 | |
| TMT | France | 2023 | |
| Business Services | France | 2022 | |
| Business Services | France | 2022 |
France· Entry 2022France· Entry 2024France· Entry 2022France· Entry 2022France· Entry 2023France· Entry 2022France· Entry 2022FPCI NextStage Championnes IIIGrowth2020 · 6yr€135M12 active
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | France | 2023 | |
| TMT | France | 2024 | |
| TMT | France | 2021 | |
| Business Services | France | 2024 | |
| TMT | France | 2022 | |
| TMT | France | 2022 | |
| HealthTech | France | 2020 | |
| Business Services | France | 2025 | |
| Business Services | France | 2020 | |
| ClimateTech | France | 2021 | |
| TMT | France | 2020 | |
| TMT | France | 2021 |
France· Entry 2023France· Entry 2024France· Entry 2021France· Entry 2024France· Entry 2022France· Entry 2022France· Entry 2020France· Entry 2025France· Entry 2020France· Entry 2021France· Entry 2020France· Entry 2021FCPR NextStage Rendement II2020 · 6yr€30M0 active · 3 realized
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software | France | 2017 | 2025 | Secondary | – | ||
| Software | France | 2015 | 2018 | Trade Sale | – | ||
| Software | France | 2013 | 2019 | Trade Sale | – |
NextStage Croissance2016 · 10yr€157M1 active
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | France | 2016 |
France· Entry 2016NextStage EvergreenGrowth2015 · 11yr€500M53 active · 59 realized
Unrealized
53 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | France | 2026 | |
| TMT | France | 2017 | |
| TMT | France | 2023 | |
| TMT | France | 2020 | |
| TMT | France | 2022 | |
| Industrials | France | 2022 | |
| Business Services | France | 2020 | |
| Business Services | France | 2018 | |
| TMT | France | 2019 | |
| Consumer | France | 2019 | |
| TMT | France | 2025 | |
| TMT | France | 2019 | |
| TMT | France | 2020 | |
| TMT | France | 2010 | |
| Business Services | France | 2018 | |
| TMT | France | 2025 | |
| Healthcare | France | 2025 | |
| Business Services | France | 2017 | |
| TMT | France | 2021 | |
| TMT | France | 2022 | |
| TMT | France | 2023 | |
| Consumer | France | 2023 | |
| Business Services | France | 2021 | |
| Business Services | France | 2024 | |
| TMT | France | 2021 | |
| Consumer | France | 2019 | |
| TMT | France | 2021 | |
| Consumer | France | 2018 | |
| Business Services | France | 2015 | |
| Consumer | France | 2022 | |
| Consumer | France | 2026 | |
| Business Services | France | 2016 | |
| E-commerce | France | 2017 | |
| Energy | France | 2022 | |
| TMT | France | 2017 | |
| Healthcare | France | 2023 | |
| TMT | France | 2024 | |
| TMT | France | 2022 | |
| TMT | France | 2010 | |
| TMT | France | 2016 | |
| Consumer | France | 2026 | |
| TMT | France | 2022 | |
| TMT | France | 2019 | |
| Business Services | France | 2024 | |
| Consumer | France | 2026 | |
| Business Services | France | 2019 | |
| TMT | France | 2024 | |
| TMT | France | 2016 | |
| TMT | France | 2020 | |
| TMT | France | 2025 | |
| TMT | France | 2023 | |
| TMT | France | 2022 | |
| TMT | France | 2022 |
France· Entry 2026France· Entry 2017France· Entry 2023France· Entry 2020France· Entry 2022France· Entry 2022France· Entry 2020France· Entry 2018France· Entry 2019France· Entry 2019France· Entry 2025France· Entry 2019France· Entry 2020France· Entry 2010France· Entry 2018France· Entry 2025France· Entry 2025France· Entry 2017France· Entry 2021France· Entry 2022France· Entry 2023France· Entry 2023France· Entry 2021France· Entry 2024France· Entry 2021France· Entry 2019France· Entry 2021France· Entry 2018France· Entry 2015France· Entry 2022France· Entry 2026France· Entry 2016France· Entry 2017France· Entry 2022France· Entry 2017France· Entry 2023France· Entry 2024France· Entry 2022France· Entry 2010France· Entry 2016France· Entry 2026France· Entry 2022France· Entry 2019France· Entry 2024France· Entry 2026France· Entry 2019France· Entry 2024France· Entry 2016France· Entry 2020France· Entry 2025France· Entry 2023France· Entry 2022France· Entry 2022Realized
59 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | France | 2010 | 2012 | Trade Sale | – | ||
| TMT | France | 2015 | 2019 | Trade Sale | – | ||
| Business Services | France | 2010 | 2014 | Trade Sale | – | ||
| Business Services | France | 2004 | 2005 | Trade Sale | – | ||
| TMT | France | 2012 | 2020 | Trade Sale | – | ||
| Business Services | France | 2018 | 2022 | Secondary | – | ||
| TMT | France | 2006 | 2009 | Secondary | – | – | |
| Business Services | France | 2014 | 2021 | Trade Sale | – | ||
| TMT | France | 2008 | 2017 | Trade Sale | – | ||
| TMT | France | 2014 | 2017 | Trade Sale | – | ||
| TMT | France | 2014 | 2023 | Trade Sale | – | ||
| TMT | France | 2018 | 2022 | Trade Sale | – | ||
| Consumer | France | 2009 | 2012 | Trade Sale | – | ||
| TMT | France | 2015 | 2023 | Secondary | – | – | |
| TMT | France | 2014 | 2021 | Trade Sale | – | ||
| TMT | France | 2014 | 2019 | Secondary | – | ||
| TMT | France | 2010 | 2019 | Secondary | – | ||
| TMT | France | 2014 | 2024 | – | – | – | |
| TMT | France | 2006 | 2024 | Trade Sale | – | ||
| Software | France | 2017 | 2021 | Trade Sale | – | ||
| TMT | France | 2015 | 2024 | Secondary | – | – | |
| Software | France | 2016 | 2017 | Trade Sale | – | ||
| TMT | France | 2006 | 2021 | MBO | – | ||
| Business Services | France | 2015 | 2020 | Secondary | – | ||
| Logistics | France | 2011 | 2024 | – | – | – | |
| Business Services | France | 2017 | 2022 | Secondary | – | ||
| ClimateTech | France | 2013 | 2019 | Trade Sale | – | ||
| TMT | France | 2007 | 2021 | MBO | – | ||
| TMT | France | 2012 | 2019 | Secondary | – | ||
| TMT | France | 2007 | 2023 | Secondary | – | – | |
| Business Services | France | 2012 | 2019 | Trade Sale | – | ||
| TMT | France | 2016 | 2024 | Trade Sale | – | ||
| TMT | France | 2010 | 2013 | Trade Sale | – | ||
| Consumer | France | 2008 | 2023 | Secondary | – | ||
| Business Services | France | 2012 | 2018 | Trade Sale | – | ||
| TMT | France | 2019 | 2025 | – | – | ||
| Software | France | 2017 | 2018 | Trade Sale | – | ||
| TMT | France | 2007 | 2023 | Secondary | – | – | |
| Business Services | France | 2010 | 2024 | Trade Sale | – | ||
| Consumer | France | 2021 | 2025 | Trade Sale | – | ||
| TMT | France | 2013 | 2022 | Secondary | – | – | |
| Industrials | France | – | 2013 | Secondary | – | ||
| TMT | France | 2015 | 2025 | Secondary | – | ||
| TMT | France | 2018 | 2022 | Secondary | – | ||
| TMT | France | 2010 | 2024 | Secondary | – | – | |
| TMT | France | 2016 | 2020 | IPO | – | – | |
| TMT | France | 2007 | 2021 | Secondary | – | – | |
| Business Services | France | 2016 | 2022 | MBO | – | ||
| Consumer | France | 2014 | 2015 | Trade Sale | – | ||
| TMT | France | 2012 | 2021 | Trade Sale | – | ||
| TMT | France | 2005 | 2021 | Trade Sale | – | ||
| TMT | France | 2007 | 2023 | Secondary | – | – | |
| Consumer | France | 2008 | 2018 | Secondary | – | – | |
| TMT | France | 2011 | 2014 | Trade Sale | – | ||
| TMT | France | 2009 | 2024 | Trade Sale | – | ||
| TMT | France | 2011 | 2016 | Trade Sale | – | ||
| TMT | France | 2012 | 2023 | Secondary | – | – | |
| Consumer | France | 2018 | 2023 | Secondary | – | – | |
| Industrials | France | 2009 | 2012 | Trade Sale | – |
France· Entry 2014France· Entry 2015France· Entry 2011Saved GPs appear in your watchlist, one click from your workspace.
About NextStage AM
NextStage AM is an independent French asset management company founded in 2002 in Paris with €11.6 billion of assets under management as of December 2024, listed on Euronext Paris through its NextStage SCA evergreen investment vehicle since 2016. The firm specialises in multi-strategy private equity focused on innovative and growth-driven mid-market companies in France and selectively across Europe, combining traditional vintage closed-end funds with the long-duration listed permanent capital structure of NextStage SCA.
Investment thesis
NextStage targets European mid-market companies with strong growth profiles, deploying capital across multiple complementary strategies and vintage vehicles. Sector focus spans TMT, Business Services, Consumer, Industrials, Software and Healthcare, with the listed NextStage SCA evergreen providing optionality on holding periods beyond traditional fund durations. The firm emphasises supporting profitable scaling businesses through both majority and significant minority equity positions, with equity tickets ranging from €10 million to €100 million depending on the underlying vehicle and stage focus.
Recent activity
Recent realised exits include Locamod (TMT, 2025), MoonBikes (consumer, 2025), Numberly Groupe 1000mercis (TMT, 2025), Enertime (TMT, 2024), ESI Group (TMT, 2024) and Fermentalg (TMT, 2024), reflecting active distribution momentum across the technology vertical. The platform tracks 9 funds, 78 active portfolio companies and 59 realised exits across multiple investment cycles. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€4.0BGet the full picture on NextStage AM.
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