NCD Swib Opportunities, L.P.
Northgate Capital · adviser of record: Northgate Capital, L.P. · 2012 vintage
NCD Swib Opportunities, L.P. is a 2012 venture fund managed by Northgate Capital. It reported $13.4mm in gross assets at year-end 2025, against a peak of $119mm in 2013.
- Latest value held
- $13.4mm year-end 2025
- Peak
- $119mm year-end 2013
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $13.4mm | – | -70% over 2 yrs |
| 2023 | $45mm | – | -18% |
| 2022 | $54.6mm | – | -35% |
| 2021 | $84.3mm | – | +50% |
| 2020 | $56.1mm | – | -19% |
| 2019 | $69.1mm | – | -6% |
| 2018 | $73.4mm | – | -2% |
| 2017 | $75.2mm | – | -7% |
| 2016 | $80.7mm | – | -7% |
| 2015 | $86.4mm | – | -14% |
| 2014 | $100mm | – | -16% |
| 2013 | $119mm | – | +18% |
| 2012 | $101mm | – | – |
Other funds from Northgate Capital
- Northgate Direct Opportunities V, LLC 2022
- Northgate Direct Opportunities VI, LLC 2022
- Northgate Venture Opportunities, L.P. 2021
- Northgate Direct Opportunities IV, LLC 2021
- Northgate Direct Opportunities III, L.L.C. 2020
- Northgate Fintech Innovations Partners, L.P. 2015
- Northgate Commstech Innovations Partners, L.P. 2014
- NCD Swib, L.P. 2012
- NCD Investors, A Delaware Multiple Series, L.L.C. 2011
- Northgate Venture Growth III, L.P. 2011
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 805-2014783209. Data updated October 13, 2026.
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