DFX Intelligence
NEW Ground Ventures II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +16%reported GAV
Reported gross assets rose from $37.8M to $43.7M between the Form ADV filings of 17 Mar 2024 and 15 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2017basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; file 021-297333, sworn by the adviser or filed under this vehicle
- Form D sold
- $28.3Mas of the filing of Oct 24, 2017, 21 investors
- First sale
- Oct 16, 2017
- Reported GAV
- $43.7Mon the Form ADV filed Mar 15, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 52
- Reported on ADV
- Jan 2, 2018 to Mar 15, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Unknown
latest Form D 2017-10-24, older than 15 months (fr-1)
evidence dated Oct 24, 2017.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 9first sale: Oct 16, 2017vintage year: 2017adv gav as of: Mar 15, 2026vintage basis: Form d first saleform d sold: $28.3Mform d offering: n/aform d latest filed at: Oct 24, 2017
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jan 2, 2018 | Venture Capital Fund | $28.3M | 21 | 19% | yes | ||
| Jan 5, 2018 | Venture Capital Fund | $28.3M | 21 | 19% | yes | ||
| Apr 2, 2018 | Venture Capital Fund | $33.0M | 40 | 16% | yes | ||
| Mar 28, 2019 | Venture Capital Fund | $39.1M | 52 | 15% | yes | ||
| Feb 21, 2020 | Private Equity Fund | $41.1M | 52 | 15% | yes | ||
| Feb 19, 2021 | Private Equity Fund | $39.5M | 52 | 15% | yes | ||
| Mar 16, 2022 | Private Equity Fund | $55.2M | 52 | 15% | yes | ||
| Mar 30, 2023 | Private Equity Fund | $54.4M | 52 | 15% | yes | ||
| Mar 17, 2024 | Private Equity Fund | $37.8M | 52 | 15% | yes | ||
| Mar 15, 2026 | Venture Capital Fund | $43.7M | 52 | 15% |
Principals and agents
5 principals on Form D, 0 placement agents
- - Z. NGV Management, LLC Executive Officer
- Zachary M. Zeitlin Executive Officer
- - Z. Ngv II GP, LP Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorKATZ SAPPER & MILLER · INDIANAPOLIS, Indiana, United StatesForm ADV filed Mar 15, 2026 reports.adviserinfo.sec.gov
- AdministratorSEI · INDIANAPOLIS, Indiana, United StatesForm ADV filed Mar 15, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- Mar 17, 2024Auditor changed: KATZ SAPPER & MILLER replaced RICHEY, MAY & CO., LLP, first reported on the Form ADV filed March 17, 2024 (previous filing March 30, 2023)Auditor changed Fact Form ADV
- Jan 2, 2018NEW Ground Ventures II, LP first reported on Form ADV by NGV Management, LLC (Venture Capital Fund), GAV $28,285,000Fund first reported on Form ADV Fact Form ADV
- Oct 24, 2017New Ground Ventures II, LP filed Form D: $28,285,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 24, 2017 Fact Form D
- Form D fund type: Venture Capital Fund Oct 24, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 24, 2017 Fact Form D
- Amendment: false Oct 24, 2017 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 24, 2017 Fact Form D
- Incorporated: withinFiveYears Oct 24, 2017 Fact Form D
- Jurisdiction: Delaware Oct 24, 2017 Fact Form D
- Amount sold (Form D): $28.3M Oct 24, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Oct 24, 2017 Fact Form D
- First sale: 2017-10-16 Oct 24, 2017 Fact Form D
- Indefinite offering: true Oct 24, 2017 Fact Form D
- Investors (Form D): 21 Oct 24, 2017 Fact Form D
- Minimum investment (Form D): 0 Oct 24, 2017 Fact Form D
- Securities offered: pooled Oct 24, 2017 Fact Form D
- Office address: Oct 24, 2017 Fact Form D
- Year of incorporation: 2017 Oct 24, 2017 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
NEW Ground Ventures II, LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2018-01-02source on record
- Form D filed2017-10-24source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.