/Investor DB

Texas Next Capital

Private equity

San Antonio · Seed · 12 people tracked

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Investment thesis

Texas Next Capital invests exclusively in Texas companies, concentrating on smaller businesses within the state's growing economy. Founded by partners who began investing together in 2009, the firm brings together Texas leaders, family offices, and other investors to provide capital along with a network of resources. Its approach emphasizes supporting the culture and legacy that business owners have built, aiming to drive growth while benefiting employees and local communities. The firm positions itself as 'Texas capital building Texas companies,' helping owners capture the tailwinds of the state's population and economic growth through practical business relationships and hands-on advice.

Source: firm website, verified Sep 26, 2026.

Stage
Seed
HQ
San Antonio, TX, US
Instruments
Equity
Founded
2009
Tracked investments
8

Team · 12 people

from the firm's website
John Kerr· Partner, Co-Founderin

Partner and co-founder of Texas Next Capital who oversees a family investment office. A former securities lawyer and biotech entrepreneur, he founded Azaya Therapeutics and Evestra. He holds a BA from Stanford and a JD from the University of Texas Law School.

Steve Hassmann· Managing Partner, Co-Founderin

Managing Partner and co-founder of Texas Next Capital, chairing the boards of Fresh Texas, Capital Precast, and NewBasis. He has over three decades advising family offices and middle-market companies, holds a Harvard MBA and a BS in Accounting from Oklahoma Christian University, and is a CPA who has passed Series 7 and 63 exams.

Dale Brown· Advisory Partner

Advisory partner, CPA, and oil and gas industry leader. He founded Petroleum Strategies and co-founded The Moriah Group, and has served as a director of Legacy Reserves. He holds a BS in Accounting from Pepperdine University.

Dan Branch· Advisory Partner

Advisory partner, corporate lawyer, and shareholder of Winstead PC. He is a former member of the Texas House of Representatives who chaired the House Committee on Higher Education, and holds degrees from SMU School of Law and Oklahoma Christian University.

David Hohlman· Chief Financial Officer

CFO of Texas Next Capital since January 2025, overseeing finance, accounting, and operations. He has over 15 years in alternative asset management, previously holding Controller roles at global long/short equity firms. He holds a BS in Accounting from Penn State and is a CPA (inactive).

Dawson Lewis· Operating Partnerin

Operating Partner at Texas Next Capital and CFO of Capital Precast Holdings and Fresh From Texas. He previously was CFO of inKind Cards, managing principal of Red House Group, and worked in private equity at Oaktree Capital and investment banking at UBS. He holds a BBA from UT Austin and an MBA from Wharton.

Dick Schlosberg· Advisory Partner

Advisory partner and former Publisher and CEO of the Los Angeles Times and former President and CEO of the David and Lucile Packard Foundation. He was a founding director of the Bank of San Antonio and served on numerous corporate boards. He passed away in 2024.

Don Brunson· Advisory Partner

Advisory partner and Houston banking and financial services leader. He co-founded the Bank of Houston and the Southwest Bank of Texas (now Amegy Bank), is a CPA, and holds a BS in Accounting from Louisiana Tech University.

Frank Krasovec· Advisory Partner

Advisory partner who has founded and built numerous companies over three decades. He is Chairman of Dash Brands, a Chinese QSR platform, founded Norwood Promotional Products and Littlefield Real Estate, and serves as Chairman of Norwood Investments.

Guy Clifton· Advisory Partner

Advisory partner and Professor of Surgery at Uniformed Services University and Clinical Professor of Neurosurgery at UT Medical School at Houston. He is internationally recognized for brain injury research and authored the book Flatlined on healthcare reform.

Jim Adams· Advisory Partner

Advisory partner and former Chairman of the Board of Texas Instruments, Group President of SBC Communications, and President & CEO of Southwestern Bell Telephone Company. He holds a BA from Texas A&M and an MBA from the University of Texas.

Jim Collins· Advisory Partner

Advisory partner and General Partner of Rioco Partners, a McAllen-based firm involved in real estate, private equity, and venture capital. He also manages Mayfair Properties, a family investment office, and holds a BBA and MBA from Southern Methodist University.

What they invest in

from 5 of 8 portfolio companies

Advanced Manufacturing ×3Logistics & Supply Chain ×2New Materials ×2AdTech ×1AgTech ×1Construction Tech ×1Digital Health ×1Energy ×1

HQs:United States×5

Investments · 8 tracked

founders shown can be your intro path
Capitalprecastinccapitalprecastinc.comin

Capital Precast is a precast concrete manufacturer producing storm sewer, sanitary sewer, electrical/communication structures, water, and utility products, including reinforced concrete pipe.

Advanced ManufacturingConstruction TechNew MaterialsSan Marcos, US

Constant Contactconstantcontact.com

Randy Parker(Founder)in

Co-investorsBantam GroupCapitalGCincyTechSirisVerizon Ventures

Engeniusengeniusweb.comin

Engenius is a digital marketing and web design agency that helps businesses—particularly local organizations and nonprofits—strengthen their online presence and achieve marketing goals.

AdTechMarketing TechSaaSGreenville, US

Chris(Co-founder & CEO)

Freshtxfreshtx.comin

Fresh Texas processes and packages fresh fruits, vegetables, and prepared meal solutions for retail and foodservice customers.

Advanced ManufacturingAgTechFoodTechLogistics & Supply ChainSan Antonio, US

NewBasisnewbasis.comin

NewBasis is a composites manufacturer that produces infrastructure products such as enclosures and access structures for utilities, applying aerospace composite standards and practices to its manufacturing.

Advanced ManufacturingEnergyHardwareNew MaterialsRiverside, US

Reachairreachair.comin

REACH operates a 24/7 communications center (Flight Guard) staffed by flight coordinators and aviation experts who coordinate patient transport via helicopter, fixed-wing aircraft, and ground ambulances for critically ill or injured patients.

Digital HealthHealthtechLogistics & Supply ChainMedical DevicesMobility & TransportationNorthern California, US

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Capital PrecastFresh Texas

Frequently asked questions

How many investments has Texas Next Capital made?
Texas Next Capital has 8 tracked investments.
What stage does Texas Next Capital invest at?
Texas Next Capital invests at the Seed stage.
What sectors does Texas Next Capital focus on?
Texas Next Capital focuses on Advanced Manufacturing, FoodTech, New Materials, Sector Agnostic.
Where is Texas Next Capital located?
Texas Next Capital is headquartered in San Antonio, US.
Who does Texas Next Capital co-invest with?
Texas Next Capital most often shares deals with Bantam Group, CapitalG, CincyTech, among 5 tracked co-investors.

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