Next Generation Companies Experience Profile

The Family Office or Multi-Family Office

NexGenCos was instrumental in the creation of a single family office with the objective of intergenerational transfer of a high nine figure fortune. The process included all aspects of organizing the assets for information and reporting purposes, creating quarterly and annual family meetings, establishing and implementing the chosen asset allocation strategy and building the staff to support the concierge, accounting, reporting, and investment services of the office. This culminated with the search and transition to a full time permanent family office director.

Family Sponsored Private Equity Fund

Establishment of a high eight figure family funded private equity partnership.A next generation entrepreneur assumed the role of senior managing director and NexGenCos assisted in all aspects of fund creation, policy and procedure development, fund and partnership accounting, and yearly tax filings.The objective of this partnership is to ultimately seed a fund that will attract and manage third party investors.

Private Company Acquisition

The first of three assignments to find and acquire private companies for the next generation of a family whose wealth was created solely by control ownership private equity investments. The target company is to be a seven figure transaction in the boat manufacturing, ophthalmic frame, or outdoor industries.These target industries were developed entirely by the next generation in the process of this assignment.
Two target companies currently have been found and screened with expression of interest letters exchanged with the sellers. A fall 2007 transaction reasonably expected.

NexGenCos has recently been retained by two other family offices with transactions underway: Acquisition of a casino company catering to travelers and the continued development, funding and roll-up of an emerging, profitable company involved with pet retail sales and day care business.