Next Frontier Venture Fund IV, L.P.
Next Frontier Capital MC · adviser of record: Next Frontier Capital MC, LLC · 2022 vintage
Next Frontier Venture Fund IV, L.P. is a 2022 venture fund managed by Next Frontier Capital MC, with $97.1mm raised (Form D, amount sold). It reported $120mm in gross assets at year-end 2025, 1.23x its size, its highest reported value.
- Latest value held
- $120mm year-end 2025
- Peak
- $120mm year-end 2025
- Fund size
- $97.1mm Form D, amount sold
- Held vs. size
- 1.23x peak 1.23x
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 | 1.23x | +45% over 2 yrs |
| 2023 | $82.7mm | 0.85x | +51% |
| 2022 | $54.6mm | 0.56x | – |
Other funds from Next Frontier Capital MC
- Next Frontier Venture Fund IV E, L.P. 2022
- Next Frontier Venture Fund III, L.P. 2020
- Next Frontier Venture Fund III E, L.P. 2020
- Next Frontier Capital Venture Fund II, LP 2017
- Next Frontier Capital Fund, L.P. 2015
All Next Frontier Capital MC funds
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 805-2856399088. Data updated October 13, 2026.
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