AUSTIN, Texas--(BUSINESS WIRE)--Next Coast, an Austin-based investment firm with a focus on entrepreneurs on the ‘Next Coast’ of innovation, announced that Anthony Walker has been promoted to Partner at Next Coast ETA. Next Coast ETA, the search division of the investment firm, was launched in late 2020 to provide search entrepreneurs with the capital, modern technology and operational wisdom needed to successfully acquire, manage, and eventually exit small and medium sized businesses.
Anthony joins Dustin Sellers as co-head of NC ETA, which now includes 75+ years of investment experience combined with decades of hands-on operational know-how, including overseeing two of the top ten highest return generating businesses acquired via search fund model. Across 30+ individual and fund investments, the NC ETA team has generated a MOIC in excess of 10x including the #3 and #7 top ETA returns in the history of the asset class via ServiceSource and ProService (100x and 22x, respectively).
Anthony Walker joined the Next Coast investment team as a Principal in late 2020. Prior to joining the firm, Anthony was the Vice President of Global Investment Research at Goldman Sachs. In 2018, he was an entrepreneur himself as the Co-Founder of Ellisen Inc., a web-based platform designed to help startups better recruit and retain diverse talent.
“We believe Anthony is a perfect example of the Next Coast motto of being built ‘for entrepreneurs, by entrepreneurs,’” states Michael Smerklo, Managing Director and Co-Founder of Next Coast Ventures. “His promotion to Partner will greatly benefit our team and portfolio of companies as we continue to expand our search firm and attract glass-eating entrepreneurs.”
Prior to his roles at Goldman Sachs and Ellisen, Anthony worked as a senior investment professional at Gideon Asset Management and Citadel. He also served as Vice President, Research and Investment Committee Member at Ariel Investments, and Assistant Vice President of Equity Research at Barclays Capital (formerly Lehman Brothers).
“I am extremely excited to partner with Dustin and the other members of the Next Coast team in service of the talented entrepreneurs in which we invest. The search franchise is growing rapidly, and I am honored to be a leader of that growth,” states Anthony Walker.
Anthony graduated from Columbia University with a B.A. in Economics and Political Science and went on to receive his MBA at The University of Chicago - Booth School of Business.
“With Anthony’s experience as both an operator and investor, Next Coast ETA is uniquely qualified to help searchers navigate a rapidly changing technology landscape,” states Dustin Sellers, Partner at Next Coast ETA.
About Next Coast ETA
Next Coast ETA is the search division of Next Coast, an Austin-based investment firm. NC ETA was founded in 2020 by experienced ETA operators and investors in the asset class. Across 30+ individual and fund investments, the Next Coast ETA team has generated a MOIC in excess of 10x including the #3 and #7 top ETA returns in the history of the asset class via ServiceSource and ProService (100x and 22x, respectively). Learn more at https://www.nceta.com/.
