{
  "crd_number": 108978,
  "slug": "next-century-growth-investors-llc-plymouth-mn-108978",
  "primary_business_name": "NEXT CENTURY GROWTH INVESTORS LLC",
  "legal_name": "NEXT CENTURY GROWTH INVESTORS LLC",
  "dbas": [],
  "city": "Plymouth",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1998-11-23",
  "years_registered": 27,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 1519766041.0,
  "raum_discretionary": 1455727803.0,
  "raum_non_discretionary": 64038238.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 51602835.0,
      "count": 5,
      "description": "PARTNERSHIPS, TRUSTS"
    },
    "charitable": {
      "raum": 726345.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 421257208.0,
      "count": 5
    },
    "investment_companies": {
      "raum": 11889842.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 866282041.0,
      "count": 10
    },
    "other_investment_advisers": {
      "raum": 64038238.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 46486537.0,
      "count": 13
    },
    "pooled_investment_vehicles": {
      "raum": 57482995.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "DE",
    "MI",
    "MN",
    "NY"
  ],
  "websites": [
    "https://ncgrowth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108978",
  "city_as_filed": "PLYMOUTH",
  "url": "https://advisorcensus.com/firm/next-century-growth-investors-llc-plymouth-mn-108978",
  "display_name": "Next Century Growth Investors LLC",
  "summary": "Next Century Growth Investors LLC is an SEC-registered investment advisory firm in Plymouth, MN, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Next Century Growth Investors LLC (CRD 108978): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Next Century Growth Investors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Next Century Growth Investors LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Next Century Growth Investors LLC located?",
      "a": "Next Century Growth Investors LLC's principal office is in Plymouth, MN, according to its Form ADV."
    },
    {
      "q": "Is Next Century Growth Investors LLC registered with the SEC or a state?",
      "a": "Next Century Growth Investors LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108978."
    },
    {
      "q": "How much does Next Century Growth Investors LLC manage?",
      "a": "Next Century Growth Investors LLC reports $1,519,766,041 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (96% discretionary)."
    },
    {
      "q": "How have Next Century Growth Investors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Next Century Growth Investors LLC: Regulatory assets under management: $1,314,206,603 in the October 2021 data and $1,519,766,041 in the October 2026 data, up 16%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Next Century Growth Investors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (13); pension and profit sharing plans (but not the plan participants or government pension plans) (10); state or municipal government entities (including government pension plans) (5)."
    },
    {
      "q": "Which custodians does Next Century Growth Investors LLC use?",
      "a": "Next Century Growth Investors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan, Northern Trust and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Next Century Growth Investors LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108978"
    },
    {
      "q": "What changed in Next Century Growth Investors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1314206603.0,
      "total_employees": 9,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1046070928.0,
      "total_employees": 9,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 930693948.0,
      "total_employees": 9,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1171031139.0,
      "total_employees": 9,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1254522399.0,
      "total_employees": 9,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1519766041.0,
      "total_employees": 9,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "J.P. Morgan",
      "name_as_filed": "J.P. MORGAN",
      "affiliated": false
    },
    {
      "name": "Northern Trust",
      "name_as_filed": "NORTHERN TRUST",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/next-century-growth-investors-llc-plymouth-mn-108978.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 13,
      "fewer_than_5": false,
      "raum": 46486537.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 11889842.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 57482995.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 866282041.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 726345.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 421257208.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 64038238.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 5,
      "fewer_than_5": false,
      "raum": 51602835.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108978",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}