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.
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SEC-registered adviser
P•••••• M••••••••• P••••••• L••
Latest filing May 27, 2026
First filing on the tape Dec 18, 2020 · 10 filings
SEC status approved since Jan 21, 2021
RAUM
$214M
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
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$214M as of May 27, 2026
Mar 31, 2022$533M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 27, 2026
Mar 31, 20220 then
Employees (5.A)2 as of May 27, 2026
Mar 31, 20222 then
Private funds2 as of May 27, 2026
Mar 31, 20223 then
RAUM +0.7% over the last fiscal year+0.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 27, 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
- $107MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +0.7%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
- $12.5M, 1 clientsreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$214M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $12.5M for 1 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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••• W•••• C•••••• I•• L••• | Venture Capital Fund | $210M | 23 | Mar 11, 2015 |
| N••• W•••• C•••••• I• L••no longer reported | Venture Capital Fund | $20.7M | 2 | Mar 11, 2015 |
| N•• I• G•••• L•• | Venture Capital Fund | $10.9M | 3 | Mar 31, 2022 |
Owners and control persons
Schedule A and B, latest filing
- F•• B••••• · Manager Of Manager - Ccocontrolsince 01/2015 · owns 50% to 75%
- H•••••• C••••• A••• · Manager Of Managercontrolsince 01/2015 · owns 50% to 75%
Related persons
Schedule D 7.A
- N••• W•••• C•••••• I• G•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 0 to 2Mar 31, 2026 to May 27, 2026
- Employees · 0 to 2Mar 31, 2026 to May 27, 2026
- Business name · N••• W•••• C•••••• L•• to P•••••• M••••••••• P••••••• L••Mar 27, 2025 to Mar 31, 2026
- Assets in custody · $12.2M to $12.5MMar 27, 2025 to Mar 31, 2026
- Discretionary RAUM · $212M to $214MMar 27, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $212M to $214MMar 27, 2025 to Mar 31, 2026
- RAUM · $212M to $214MMar 27, 2025 to Mar 31, 2026
- Assets in custody · $10.9M to $12.2MAug 9, 2024 to Mar 27, 2025
- Financial planning clients · unset to Aug 9, 2024 to Mar 27, 2025
- HQ city · unset to Aug 9, 2024 to Mar 27, 2025
- HQ state · unset to Aug 9, 2024 to Mar 27, 2025
- Discretionary RAUM · $221M to $212MAug 9, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $221M to $212MAug 9, 2024 to Mar 27, 2025
- RAUM · $221M to $212MAug 9, 2024 to Mar 27, 2025
- Assets in custody · $11.1M to $10.9MApr 6, 2023 to Mar 28, 2024
- Discretionary RAUM · $211M to $221MApr 6, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $211M to $221MApr 6, 2023 to Mar 28, 2024
- RAUM · $211M to $221MApr 6, 2023 to Mar 28, 2024
- Accounts · 3 to 2Mar 31, 2022 to Apr 6, 2023
- Advisory employees · 2 to 0Mar 31, 2022 to Apr 6, 2023
- Pooled vehicle clients · 3 to 2Mar 31, 2022 to Apr 6, 2023
- Assets in custody · $33.2M to $11.1MMar 31, 2022 to Apr 6, 2023
- Employees · 2 to 0Mar 31, 2022 to Apr 6, 2023
- Private funds · 3 to 2Mar 31, 2022 to Apr 6, 2023
- Discretionary RAUM · $533M to $211MMar 31, 2022 to Apr 6, 2023
- Pooled vehicle RAUM · $533M to $211MMar 31, 2022 to Apr 6, 2023
- RAUM · $533M to $211MMar 31, 2022 to Apr 6, 2023
- Accounts · 2 to 3Sep 2, 2021 to Mar 31, 2022
- Pooled vehicle clients · 2 to 3Sep 2, 2021 to Mar 31, 2022
- Assets in custody · $189M to $33.2MSep 2, 2021 to Mar 31, 2022
- Private funds · 2 to 3Sep 2, 2021 to Mar 31, 2022
- Discretionary RAUM · $230M to $533MSep 2, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $230M to $533MSep 2, 2021 to Mar 31, 2022
- RAUM · $230M to $533MSep 2, 2021 to Mar 31, 2022
- Legal name · N••• W•••• C•••••• L•• to P•••••• M••••••••• P••••••• L••Dec 18, 2020 to Apr 21, 2021
- Private funds · 4 to 2Dec 18, 2020 to Apr 21, 2021
Signals
3 dated events
- P•••••• M••••••••• P••••••• L•• reported RAUM $210.9M, down 60% from $532.6M (2022-03-31 to 2023-04-06)Apr 6, 2023 · RAUM change · derived
- P•••••• M••••••••• P••••••• L•• reported RAUM $532.6M, up 131% from $230.1M (2021-09-02 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- N••• W•••• C•••••• L•• filed its initial SEC registration (Form ADV)Dec 18, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••• W•••• C•••••• L•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/next-world-capitalreportedpublic record, Form ADV, Sep 19, 2026
- Website
- i•••••••.n•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 650-862-0780reportedpublic record, Form ADV, May 27, 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