New Ground Ventures II, LP
NGV · adviser of record: NGV Management, LLC · 2017 vintage
New Ground Ventures II, LP is a 2017 venture fund managed by NGV, with $28.3mm raised (Form D, amount sold). It reported $43.7mm in gross assets at year-end 2025, 1.54x its size, against a peak of $55.2mm in 2021.
- Latest value held
- $43.7mm year-end 2025
- Peak
- $55.2mm year-end 2021
- Fund size
- $28.3mm Form D, amount sold
- Held vs. size
- 1.54x peak 1.95x
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 | $43.7mm | 1.54x | +16% over 2 yrs |
| 2023 | $37.8mm | 1.34x | -31% |
| 2022 | $54.4mm | 1.92x | -1% |
| 2021 | $55.2mm | 1.95x | +40% |
| 2020 | $39.5mm | 1.40x | -4% |
| 2019 | $41.1mm | 1.45x | +5% |
| 2018 | $39.1mm | 1.38x | +18% |
| 2017 | $33mm | 1.17x | – |
Other funds from NGV
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 805-3838600161. Data updated October 13, 2026.
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