Investment adviser · CRD 159904

MP NEXT CAPITAL

Investment adviser filing (IA)

MILESTONE PARTNERS MANAGEMENT CO., L.P.

VILLANOVA, PA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$591M
Form ADV · Item 5.F
Client accounts
13
Accounts, not individual clients
Employees
13
Reported in this filing
Advisory professionals
8
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles13$590,682,793100.0%
Filing source

Form ADV 2081101 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

18 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

MILESTONE FS DRIVE LPPrivate Equity Fund · Last reported Mar 31, 2026$190MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Marketer DEVON PARK ADVISORS, LLC WAYNE, Pennsylvania, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

GRANT THORNTON LLP
PCAOB 248

Fund details & source
Fund ID
805-4356778367
Reported beneficial owners
6
Minimum commitment
$5M

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MILESTONE FS INSURE LPPrivate Equity Fund · Last reported Mar 31, 2026$96.8MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

GRANT THORNTON LLP
PCAOB 248

Fund details & source
Fund ID
805-8751903116
Reported beneficial owners
6
Minimum commitment
$5M

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DRIVE ASSURANCE INVESTORS LPPrivate Equity Fund · Last reported Mar 31, 2026$95.4MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

GRANT THORNTON LLP
PCAOB 248

Fund details & source
Fund ID
805-6223212244
Reported beneficial owners
6
Minimum commitment
$5M

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MILESTONE PARTNERS FS LPPrivate Equity Fund · Last reported Mar 31, 2026$67MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Marketer PARK HILL GROUP LLC NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

GRANT THORNTON LLP
PCAOB 248

PARK HILL GROUP LLC
CRD 135898 · SEC 8-66958

Fund details & source
Fund ID
805-2192074401
Reported beneficial owners
100
Minimum commitment
$5M

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MP SETTLE LPPrivate Equity Fund · Last reported Mar 31, 2026$51MGross asset value

Form D fundraising filings

MP Settle, LP

Feeder funds

  • HCP MP SETTLE BLOCKER, LLC
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

GRANT THORNTON LLP
PCAOB 248

Fund details & source
Fund ID
805-6213997697
Reported beneficial owners
13
Minimum commitment
$100K
Form D file number
021-562555

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MILESTONE PARTNERS IV, L.P.Private Equity Fund · Last reported Mar 31, 2026$36.3MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian CITIZENS PRIVATE BANK & TRUST PROVIDENCE, Rhode Island, United States Related to adviser: No
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Marketer CSP SECURITIES, LP DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

GRANT THORNTON LLP
PCAOB 248

CSP SECURITIES, LP
CRD 136941 · SEC 8-67051

Fund details & source
Fund ID
805-5943872040
Reported beneficial owners
93
Minimum commitment
$5M
Form D file number
021-161166

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MILESTONE PARTNERS FS 2 LPPrivate Equity Fund · Last reported Mar 31, 2026$23.5MGross asset value
Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Marketer PARK HILL GROUP LLC NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

GRANT THORNTON LLP
PCAOB 248

PARK HILL GROUP LLC
CRD 135898 · SEC 8-66958

Fund details & source
Fund ID
805-4457076391
Reported beneficial owners
9
Minimum commitment
$5M

Form ADV 2081101 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

797 EAST LANCASTER AVE, SUITE 200
VILLANOVA, PA, 19085, United States

CRD 159904

Filing source

Form ADV 2081101 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.