NFX Capital Management, LLC

San Francisco, CA Exempt reporting adviser

NFX Capital Management, LLC reports 12 venture funds on Form ADV among 12 private funds, with $2.2B in gross private fund assets.

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Venture funds12of 12 private funds

Private fund assets$2.2BGross, Form ADV, September 2026

Funds on Form D5$488M reported raised

LPs on the record3Foundations and public plans

Reported raised, by the year each fund began raising

The numbers

Began raising	Raised
2017	$150M
2019	$338M

Funds on Form D

Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.

Fund	Began raising	Target	Raised	Investors	Latest filing
NFX Capital Fund IV, LP	2023	$450M	—	—	March 22, 2023
NFX Capital Fund III, LP	2021	$450M	—	—	June 29, 2021
NFX Capital Opportunity Fund I, LP	2021	$150M	—	—	December 9, 2021
NFX Capital Fund II, LP	2019	$338M	$338M	82	July 11, 2022
NFX Capital Fund I, LP	2017	$150M	$150M	81	November 27, 2017

LPs on the record

1 private foundation lists on their latest IRS Form 990-PF, and 2 other LPs report holding NFX Capital Management, LLC’s funds.

Richard King Mellon Foundation Private foundation · 5 funds
Adams Street Private Equity Navigator Fund LLC Registered fund · 1 fund
Adams Street Venture & Growth Fund Registered fund · 1 fund

Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with NFX Capital Management, LLC, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Draper Associates 2 LPs in common
Openview Advisors, LLC 3 LPs in common
Lightstone Ventures 3 LPs in common
Altos Ventures 2 LPs in common
Pioneer Square Investment Advisor, LLC 3 LPs in common
Amplify Partners 2 LPs in common

Find LPs for NFX Capital Management, LLC and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Registration

Legal name: NFX Capital Management, LLC
Status: Exempt reporting adviser since April 3, 2019
CRD number: 301829

Full Form ADV on the SEC’s Investment Adviser Public Disclosure site

About this data

Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.