Next Coast Ventures III, L.P.
Next Coast Ventures · adviser of record: Next Coast Ventures, LLC · 2021 vintage
Next Coast Ventures III, L.P. is a 2021 venture fund managed by Next Coast Ventures, with $190mm raised (Form D, amount sold). It reported $120mm in gross assets at year-end 2025, 0.63x its size, its highest reported value.
- Latest value held
- $120mm year-end 2025
- Peak
- $120mm year-end 2025
- Fund size
- $190mm Form D, amount sold
- Held vs. size
- 0.63x peak 0.63x
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 | $120mm | 0.63x | +180% over 2 yrs |
| 2023 | $42.8mm | 0.23x | +37% |
| 2022 | $31.1mm | 0.16x | -72% |
| 2021 | $112mm | 0.59x | – |
Other funds from Next Coast Ventures
- NCV Select I, L.P. 2021
- NCV Entrepreneurs Fund III, L.P. 2021
- Next Coast Ventures II, L.P. 2019
- NCV Entrepreneurs Fund 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 805-2250559703. Data updated October 13, 2026.
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