NCV Entrepreneurs Fund II, L.P.
Next Coast Ventures · adviser of record: Next Coast Ventures, LLC · 2019 vintage
NCV Entrepreneurs Fund II, L.P. is a 2019 venture fund managed by Next Coast Ventures, with $5mm raised (Form D, amount sold). It reported $5.8mm in gross assets at year-end 2025, 1.15x its size, against a peak of $7.9mm in 2021.
- Latest value held
- $5.8mm year-end 2025
- Peak
- $7.9mm year-end 2021
- Fund size
- $5mm Form D, amount sold
- Held vs. size
- 1.15x peak 1.57x
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 | $5.8mm | 1.15x | -10% over 2 yrs |
| 2023 | $6.4mm | 1.28x | -15% |
| 2022 | $7.5mm | 1.50x | -5% |
| 2021 | $7.9mm | 1.57x | +19% |
| 2020 | $6.6mm | 1.33x | +384% |
| 2019 | $1.4mm | 0.27x | – |
Other funds from Next Coast Ventures
- Next Coast Ventures III, L.P. 2021
- NCV Select I, L.P. 2021
- NCV Entrepreneurs Fund III, L.P. 2021
- Next Coast Ventures II, L.P. 2019
- Next Coast Ventures I, L.P. 2015
- NCV Entrepreneurs Fund I, L.P. 2015
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 805-9001790226. Data updated October 13, 2026.
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