Next Coast Ventures I
Next Coast Ventures Vintage 2016 Reported by LACERA
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| LACERA | 2026-03-31 | $5M | $5.1M | $4.2M | $5.5M | 12.9% | 1.92x | 0.83x |
Paid in Distributed Remaining value
2016 vintage in LACERA’s portfolio
All 8 funds of vintage 2016 in LACERA’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.
| # | Fund | Net IRR | TVPI | DPI |
|---|---|---|---|---|
| 1 | USV 2016, L.P. | 48.0% | 7.79x | 4.79x |
| 2 | Lightyear Fund IV, L.P. | 18.1% | 2.04x | 1.56x |
| 3 | Vista Equity Partners Fund VI, L.P. | 15.2% | 1.80x | 1.28x |
| 4 | Next Coast Ventures I, L.P. | 12.9% | 1.92x | 0.83x |
| 5 | Blackstone Capital Partners VII | 12.0% | 1.62x | 1.02x |
| 6 | Australis Partners Fund, L.P. | 7.3% | 1.44x | 0.48x |
| 7 | GGV Capital VI, L.P. | 6.5% | 1.50x | 0.64x |
| 8 | GGV Discovery I | 1.5% | 1.13x | 0.07x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Next Coast Ventures II | 2019 | -3.7% | 0.83x | Bottom quartile |
| NEXT COAST VENTURES III | — | N/M | — |
About this data
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
Figures are as each LP reports them for its own investment, so they can differ between LPs because of timing, fees, and share class. Not investment advice.