RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, in collaboration with Next Century Growth Investors, LLC, has published an investor letter, “The RiverPark/Next Century Growth Fund.” The fund returned 4.75% in the fourth quarter, compared with the 12.75% return on the Russell 2000 Growth Total Return Index. The recent market rally underscores the importance of macroeconomic indicators and the Fed's stance on interest rates. 

The RiverPark/Next Century Growth Fund featured stocks such as Braze, Inc. (NASDAQ: BRZE) in a letter to investors. Braze, Inc. (NASDAQ:BRZE), based in New York, New York, provides a customer engagement platform. April 5, 2024 Braze, Inc. shares (NASDAQ:BRZE) closed at $42.35 per share. Braze, Inc. Monthly Returns (NASDAQ:BRZE) was -20.12% and its stock has gained 23.29% of its value over the past 52 weeks. Market capitalization of Braze, Inc. (NASDAQ:BRZE) is $4.228 billion.

RiverPark/Next Century Growth Fund stated the following regarding Braze, Inc. (NASDAQ:BRZE) in its letter to investors:

"Braze, Inc. (NASDAQ:BRZE) is a leading next-generation customer engagement platform that enables brands to deliver cross-channel marketing campaigns to end customers in real time. BRZE currently serves approximately 2,000 customers across a variety of industries, including retail/e-commerce, media and entertainment, financial services, travel and hospitality, quick service restaurants, and social media/messaging/gaming. With a next-generation platform that meets today's enterprise needs, Braze is disrupting the market and gaining share from legacy competitors, as demonstrated by recent revenue growth of 30% with gross margins exceeding 70%.”

Braze (BRZE) Shareholders