NFX Capital Fund IV, LP
NFX · adviser of record: NFX Capital Management, LLC · 2023 vintage
NFX Capital Fund IV, LP is a 2023 venture fund managed by NFX, with $450mm raised (Form D, amount sold). It reported $317mm in gross assets at year-end 2025, 0.71x its size, against a peak of $330mm in 2023.
- Latest value held
- $317mm year-end 2025
- Peak
- $330mm year-end 2023
- Fund size
- $450mm Form D, amount sold
- Held vs. size
- 0.71x peak 0.73x
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 | $317mm | 0.71x | -4% over 2 yrs |
| 2023 | $330mm | 0.73x | – |
Other funds from NFX
- NFX SST-A Advantage, LP 2022
- NFX Capital Fund III, LP 2021
- NFX Capital Opportunity Fund I, LP 2021
- NFX Capital Fund III Advantage, LP 2021
- NFX MB-D Advantage, LP 2021
- NFX C2-B Advantage, LP 2021
- NFX Capital Fund II, LP 2019
- NFX Fund I, L.P. 2018
- NFX Capital Fund I, L.P. 2017
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 805-7372628649. Data updated October 13, 2026.
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