Next Coast Ventures

Overview

2022 raise also included a $50M opportunity fund (NCV Select I) and a $65M search-fund vehicle (Next Coast ETA).

Funds

LPs on the record

2 private foundations list on their latest IRS Form 990-PF, and 2 other LPs report holding Next Coast Ventures’s funds.

• LACERA Public pension plan · 2 funds
• The Leonettio'Connell Family Foundation Private foundation · 2 funds
• UTIMCO (Permanent University Fund) Endowment · 1 fund

One more LP is in the app. 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 Next Coast Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Union Square Ventures 2 LPs in common
• TCV 2 LPs in common
• Insight Partners 2 LPs in common

Find LPs for Next Coast Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Track record

A score of 40 out of 100 from 2 of the 3 funds public LPs report, 1 of them in the top half of their vintage. Its ranked funds’ median TVPI is 1.38x and median DPI 0.42x. Pooled where reports give cash flows: 1.10x TVPI, 0.22x DPI. That ranks it 89th of 123 managers with a score.

Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

LACERA: LACERA Private Markets Holding Report (Private Equity), as of March 31, 2026. "ITD IRR" (inception to date) and "Investment Multiple" as printed by LACERA, which does not label the IRR net or gross and does not say in the report how or by whom it is calculated or when it is not meaningful, so IRRs of very young funds are shown as printed. The Investment Multiple equals (distributions + market value) / contributions and is used as TVPI; total value = distributions + market value and DPI = distributions / contributions are computed. Dollar amounts are rounded to whole dollars. Only holdings LACERA classes as Private Equity are included (not its real estate, hedge fund, illiquid credit or real assets holdings). 9 commitments with nothing contributed yet have no market value, multiple or IRR, and 3 new commitments are listed without any amounts. View source

UTIMCO (Permanent University Fund): Permanent University Fund Detail Schedules of Investment Securities, Schedule H: Private Investment Funds, as of August 31, 2025. Holdings only: the audited Schedule H lists each private investment fund held by the Permanent University Fund, which UTIMCO manages, with its fair value at the August 31 fiscal year end and nothing else, so vintage year, commitment, contributions, distributions, total value, IRR and multiples are blank (UTIMCO reports none of them here); each fund's fair value is kept as market_value_usd in whole dollars as printed. Fund names are as printed (capitals, abbreviated). Included are the schedule's Private Equity (159 funds), Venture (165) and Emerging Market Equity (29) sections; its Credit, Infrastructure, Natural Resources and Real Estate sections are not imported, and neither are 24 direct investments in the imported sections, which UTIMCO lists only as numbered "Direct Investment" rows because their names are confidential under Texas Government Code 552.143(c). Covers the Permanent University Fund only: UTIMCO publishes no such schedule for the General Endowment Fund, and it provides its fund-level Private Markets performance reports only in answer to an open records request. View source