DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Northgate Capital, L.P.

Asset manager (funds and pooled vehicles)Danville, CaliforniaCRD 140214SEC 801-66571websiteIAPD
Latest filing Jul 10, 2026
First filing on the tape Nov 14, 2011 · 31 filings
SEC status approved since Nov 24, 2006
RAUM
$2.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
27
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
67
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$2.9B as of Jul 10, 2026
Mar 30, 2012$3.1B then
HNW client RAUM$0 as of Jul 10, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Jul 10, 2026
Apr 3, 20130 then
Employees (5.A)27 as of Jul 10, 2026
Apr 3, 201330 then
Private funds67 as of Jul 10, 2026
Mar 30, 201240 then
RAUM -28% over the last fiscal year-15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 10, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$43.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-28%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.9B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
67reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      75 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Northgate Venture Partners Vi, L.P.Venture Capital Fund$295M29Mar 30, 2012
      Northgate V, L.P.Private Equity Fund$275M51Mar 30, 2012
      Northgate Venture Partners Vii, L.P.Venture Capital Fund$215M87Mar 30, 2015
      Northgate IV, L.P.Private Equity Fund$134M96Mar 30, 2012
      Nvp Viii Pg, L.P.Venture Capital Fund$131M3Mar 30, 2021
      Ncd Swib, L.P.Venture Capital Fund$114M2Apr 3, 2013
      Northgate Venture Partners Viii, L.P.Venture Capital Fund$111M25Mar 30, 2021
      Northgate Venture Growth III, L.P.Venture Capital Fund$105M62Mar 30, 2012
      Nc Swib, L.P.Private Equity Fund$102M2Mar 30, 2012
      Nvp Vi Sa, L.P.Venture Capital Fund$78.3M3Apr 3, 2013
      Northgate Venture Partners Ix, L.P.Venture Capital Fund$75.2M33Mar 30, 2021
      Northgate Venture Partners X, L.P.Venture Capital Fund$66.3M13Mar 30, 2023
      Northgate V-M, L.P.Private Equity Fund$63.9M130Mar 30, 2012
      Northgate Venture Opportunities, L.P.Venture Capital Fund$60.7M15Mar 31, 2022
      Northgate V-E, L.P.Private Equity Fund$55.5M3Mar 30, 2012
      Northgate Private Equity Partners III, L.P.Private Equity Fund$50.1M63Mar 30, 2012
      Northgate Commstech Innovations Partners, L.P.Venture Capital Fund$49.1M4Mar 28, 2016
      Northgate Venture Partners III, L.P.Venture Capital Fund$48.2M54Mar 30, 2012
      Northgate Mexico, L.P.no longer reportedPrivate Equity Fund$46.6M4Apr 3, 2013
      Ncd Swib Opportunities, L.P.Venture Capital Fund$45.0M2Apr 3, 2013
      Northgate Growth Fund II, L.P.Venture Capital Fund$44.7M16Mar 30, 2023
      Northgate Venture Partners II, L.P.Venture Capital Fund$43.4M49Mar 30, 2012
      Northgate Venture Growth I, L.P.Venture Capital Fund$40.4M72Mar 30, 2012
      Northgate Fintech Innovations Partners, L.P.no longer reportedVenture Capital Fund$40.4M2Mar 28, 2016
      Northgate V-B, L.P.Private Equity Fund$35.4M90Mar 30, 2012
      Northgate Partners, A Delaware Multiple Series L.L.C.no longer reportedVenture Capital Fund$33.3M155Mar 30, 2012
      Nvp Ix - M, L.P.Venture Capital Fund$32.6M3Mar 30, 2021
      Northgate Venture Partners Viii, L.P.no longer reportedVenture Capital Fund$24.5M15Apr 20, 2018
      Northgate Private Equity Partners II (Q), L.P.Private Equity Fund$24.2M41Mar 30, 2012
      Northgate Vi-B Vc, L.PVenture Capital Fund$23.2M48Mar 30, 2015
      Northgate Growth Fund, L.P.Venture Capital Fund$23.1M7Mar 27, 2020
      Northgate Private Equity Partners III-B3, L.P.Private Equity Fund$20.6M119Mar 30, 2012
      Northgate Global Emerging Markets, L.P.Private Equity Fund$18.5M48Mar 30, 2012
      Northgate Private Equity Partners III-M2, L.P.Private Equity Fund$15.4M146Mar 30, 2012
      Northgate IV-B, L.P.Private Equity Fund$15.4M81Mar 30, 2012
      Northgate IV-M, L.P.Private Equity Fund$14.5M106Mar 30, 2012
      Northgate Growth Fund III, L.P.Venture Capital Fund$14.3M4Mar 30, 2023
      Northgate Venture Partners II (Q), L.P.Venture Capital Fund$11.3M48Mar 30, 2012
      Northgate Venture Partners III (Q), L.P.Venture Capital Fund$11.2M56Mar 30, 2012
      Northgate Capital Mexico Credit Fund I, L.P.no longer reportedVenture Capital Fund$8.5M2Mar 27, 2017
      All funds of Northgate Capital, L.P.
      Owners and control persons
      Schedule A and B, latest filing
      • (Nmn) Lawrence Cowen · Chief Compliance Officer & General Counselcontrol
        since 02/2017 · owns less than 5%
      • Heiss Casey Gordon · Managing Partnercontrol
        since 01/2020 · owns less than 5%
      • Michael Brent Jones · Co-Founder And Partnercontrol
        since 12/2005 · owns less than 5%
      • Nmn Ali Ojjeh · Chairmancontrol
        since 07/2016 · owns less than 5%
      • Arthur Thomas Vardell · Co-Founder And Partnercontrol
        since 12/2005 · owns less than 5%
      • Sunil Janhavi Vaze · Chief Financial Officercontrol
        since 03/2019 · owns less than 5%
      Entity owners
      • Northgate Capital, LLC · General Partner
        direct · owns less than 5%
      • Tcp-Ng (U.S.), L.L.C. · Limited Partner
        direct · owns 75% or more
      • Clermont Corporate Services Limited As Trustee Of The Quattro Trust · Shareholder
        indirect · owns 25% to 50% of Quattro International Investments Limited
      • Clermont Corporate Services Limited As Trustee Of The Sakab Trust · Shareholder
        indirect · owns 25% to 50% of Fair Services Holdings S.A.
      • Fair Services Holdings S.A. · Shareholder
        indirect · owns 25% to 50% of The Capital Partnership Group Limited
      • Quattro International Investments Limited · Shareholder
        indirect · owns 25% to 50% of The Capital Partnership Group Limited
      • Tcp-Ng (U.K.) Ltd. · Shareholder
        indirect · owns 75% or more of Tcp-Ng (U.S.) II, L.L.C.
      • Tcp-Ng (U.S.) II, L.L.C. · Member
        indirect · owns 75% or more of Tcp-Ng (U.S.), L.L.C.
      • The Capital Partnership Group Limited · Shareholder
        indirect · owns 75% or more of Tcp-Ng (U.K.) Ltd.
      Related persons
      Schedule D 7.A
      • Nc II, L.L.C.
        pooled vehicle sponsory
      • Nc III, L.L.C.
        investment adviserpooled vehicle sponsoryRAUM $2.4B
      • Nc IV, L.L.C.
        pooled vehicle sponsory
      • Nc V, L.L.C.
        pooled vehicle sponsory
      • Nc Vi, L.L.C.
        pooled vehicle sponsory
      • Ncd Management III, L.L.C.
        pooled vehicle sponsory
      • Ncd Management IV, L.L.C.
        pooled vehicle sponsory
      • Ncd Management V, L.L.C.
        pooled vehicle sponsory
      • Ncd Management Vi, L.L.C.
        pooled vehicle sponsory
      • Ncd Management Vii, L.L.C.
        pooled vehicle sponsory
      • Ncd Swib Management, L.L.C.
        pooled vehicle sponsory
      • Ndo III Management, LLC
        pooled vehicle sponsory
      • Ndo IV Management, LLC
        pooled vehicle sponsory
      • Ndo V Management, LLC
        pooled vehicle sponsory
      • Ndo Vi Management, LLC
        pooled vehicle sponsory
      • Ngem Mexico S. De R.L. De C.V.
        investment advisery
      • Ngemm, L.L.C.
        pooled vehicle sponsory
      • Northgate Capital Partners, L.L.C.
        pooled vehicle sponsory
      • Northgate Capital, LLC
        investment adviserpooled vehicle sponsory
      • Northgate Growth Gp II, LLC
        pooled vehicle sponsory
      • Northgate Growth Gp III, LLC
        pooled vehicle sponsory
      • Northgate Growth Gp, LLC
        pooled vehicle sponsory
      • Northgate Telecom Innovations Partners, L.P.
        pooled vehicle sponsory
      • Nv II, L.L.C.
        pooled vehicle sponsory
      • Nv III, L.L.C.
        pooled vehicle sponsory
      • Nv Ix, LLC
        pooled vehicle sponsory
      • Nv Vii, L.L.C.
        pooled vehicle sponsory
      • Nv Viii, L.P.
        pooled vehicle sponsory
      • Nvo Gp, LLC
        pooled vehicle sponsory
      • Nvp X(Gp), LLC
        pooled vehicle sponsory
      Advisers that list Northgate Capital, L.P. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Mexico City, Mexico13 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $4,045,094,384 to $2,929,899,129 (-28.0%) between the annual amendments of 2025-04-03 and 2026-03-30; the peer median change was +11.0% (1368 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 3.7% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 62 to 67
        Feb 24, 2026 to Mar 30, 2026
      • Advisory employees · 12 to 9
        Feb 24, 2026 to Mar 30, 2026
      • Pooled vehicle clients · 62 to 67
        Feb 24, 2026 to Mar 30, 2026
      • Employees · 30 to 27
        Feb 24, 2026 to Mar 30, 2026
      • Private funds · 62 to 67
        Feb 24, 2026 to Mar 30, 2026
      • Discretionary RAUM · $4.0B to $2.9B
        Feb 24, 2026 to Mar 30, 2026
      • Pooled vehicle RAUM · $4.0B to $2.9B
        Feb 24, 2026 to Mar 30, 2026
      • RAUM · $4.0B to $2.9B
        Feb 24, 2026 to Mar 30, 2026
      • Accounts · 65 to 62
        Mar 28, 2024 to Apr 3, 2025
      • Advisory employees · 14 to 12
        Mar 28, 2024 to Apr 3, 2025
      • Pooled vehicle clients · 65 to 62
        Mar 28, 2024 to Apr 3, 2025
      • Employees · 36 to 30
        Mar 28, 2024 to Apr 3, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Apr 3, 2025
      • Private funds · 65 to 62
        Mar 28, 2024 to Apr 3, 2025
      • Discretionary RAUM · $4.1B to $4.0B
        Mar 28, 2024 to Apr 3, 2025
      • Pooled vehicle RAUM · $4.1B to $4.0B
        Mar 28, 2024 to Apr 3, 2025
      • RAUM · $4.1B to $4.0B
        Mar 28, 2024 to Apr 3, 2025
      • Advisory employees · 18 to 14
        May 12, 2023 to Mar 28, 2024
      • Employees · 40 to 36
        May 12, 2023 to Mar 28, 2024
      • Discretionary RAUM · $4.8B to $4.1B
        May 12, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $4.8B to $4.1B
        May 12, 2023 to Mar 28, 2024
      • RAUM · $4.8B to $4.1B
        May 12, 2023 to Mar 28, 2024
      • Organization form · Partnership to Limited Partnership
        Mar 30, 2023 to May 12, 2023
      • Accounts · 61 to 65
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 61 to 65
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 42 to 40
        Mar 31, 2022 to Mar 30, 2023
      • Private funds · 61 to 65
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $6.3B to $4.8B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $6.3B to $4.8B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $6.3B to $4.8B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 59 to 61
        Mar 30, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 59 to 61
        Mar 30, 2021 to Mar 31, 2022
      • Employees · 39 to 42
        Mar 30, 2021 to Mar 31, 2022
      • Other offices · 4 to 1
        Mar 30, 2021 to Mar 31, 2022
      • Private funds · 59 to 61
        Mar 30, 2021 to Mar 31, 2022
      • Discretionary RAUM · $4.8B to $6.3B
        Mar 30, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $4.8B to $6.3B
        Mar 30, 2021 to Mar 31, 2022
      • RAUM · $4.8B to $6.3B
        Mar 30, 2021 to Mar 31, 2022
      • Advisory employees · 20 to 18
        Mar 27, 2020 to Mar 30, 2021
      • Employees · 46 to 39
        Mar 27, 2020 to Mar 30, 2021
      Signals
      6 dated events
      • Northgate Capital, L.P. reported RAUM $2.9B, down 28% from $4.0B (2026-02-24 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • Northgate Capital, L.P. reported RAUM $6.3B, up 33% from $4.8B (2021-03-30 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Arthur Thomas Vardell (Co-Founder And Partner) appeared on Schedule A of Northgate Capital, L.P.
        Mar 27, 2020 · Control person joined · fact
      • Michael Brent Jones (Co-Founder And Partner) appeared on Schedule A of Northgate Capital, L.P.
        Mar 27, 2020 · Control person joined · fact
      • Heiss Casey Gordon (Managing Partner) appeared on Schedule A of Northgate Capital, L.P.
        Mar 27, 2020 · Control person joined · fact
      • Sunil Janhavi Vaze (Chief Financial Officer) appeared on Schedule A of Northgate Capital, L.P.
        Mar 26, 2019 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/northgate-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      NORTHGATE.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      925-820-9970reportedpublic record, Form ADV, Jul 10, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026