Alta Partners Nextgen Fund IV, L.P.
Alta Partners Investment · adviser of record: Alta Partners Investment Manager, L.P. · 2023 vintage
Alta Partners Nextgen Fund IV, L.P. is a 2023 venture fund managed by Alta Partners Investment, with $250mm raised (Form D target). It reported $76.9mm in gross assets at year-end 2025, 0.31x its size, against a peak of $245mm in 2023.
- Latest value held
- $76.9mm year-end 2025
- Peak
- $245mm year-end 2023
- Fund size
- $250mm Form D target
- Held vs. size
- 0.31x peak 0.98x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $76.9mm | 0.31x | -69% over 2 yrs |
| 2023 | $245mm | 0.98x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| UTIMCO | 2025-08-31 | – | – | – | $7.7mm |
Latest report from each pension, as multiples of paid-in capital. Where a pension reports only the value it holds, that value is shown in dollars under Still held. Linked dates go to the pension’s report.
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-7780983850. Data updated October 13, 2026.
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