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Next Billion Capital Partners

nextbillion.capital Direct investor

Next Billion Capital Partners is a private equity firm investing in growth-stage companies in emerging markets, focusing on financial services, insurance, and healthcare. The firm is led by former IFC professionals and has invested over $200 million in 40 companies across 15 countries.

Next Billion Capital Partners is a private equity firm. It invests directly in companies, at growth, in financial services, insurance, healthcare and technology. 40 portfolio companies, as it reports.

“We back growth-stage companies in financial services, insurance, and healthcare that serve the consumers and small to mid-sized businesses driving economic expansion.”

Next Billion Capital Partners, own website
Layer
Direct investor
Type
Private equity
Stage
Growth
Invests in
Southeast Asia, Latin America, Africa, Middle East, India, Turkey, Egypt, Pakistan, Indonesia, Vietnam, Philippines, Mexico, Brazil
Sectors
financial services, insurance, healthcare, technology
Portfolio
40 companies

Team, as Next Billion Capital Partners publishes it

  • Ruzgar Barisik Managing Partner
  • Kentaro Toyoda Managing Partner
  • Falgu Shah Partner
  • Volodymyr Tsapko Partner
  • Christopher Schroeder Senior Advisor
  • Tracy Barba Head of Investor Relations
  • Eduard Melli Vice President
  • Jamie Muller Associate
  • Stevon Darling Venture Partner
  • Tiang Lim Foo Venture Partner
  • Luiz Mazetto Venture Partner
  • Ciku Mugambi Venture Partner

Names and roles exactly as listed on nextbillion.capital. Nothing else about these people is recorded.

Co-invests most often with

Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 61 co-investors found.

and 51 more — the graph.

Where this comes from

Every fact above was read from a page Next Billion Capital Partners publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.

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Record 3918 · added 2026-09-03 · link last verified 2026-09-06 · confidence high

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