DFX Intelligence
Next Level Ventures Fund II, LLLP
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising 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
- -11%reported GAV
Reported gross assets fell from $28.2M to $25.1M between the Form ADV filings of 29 Mar 2024 and 31 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
- unknownno dated first sale or first report yet
- 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
- $50.0Mwhat may be sold, not what was raised; file 021-311495, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of May 2, 2018
- First sale
- unknown
- Reported GAV
- $25.1Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Aug 29, 2019 to Mar 31, 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 2018-05-02, older than 15 months (fr-1)
evidence dated May 2, 2018.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: $0form d offering: $50.0Mform d latest filed at: May 2, 2018
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Aug 29, 2019 | Venture Capital Fund | $36.8M | 31 | $500,000 | 2% | yes | |
| Feb 9, 2020 | Venture Capital Fund | $39.2M | 31 | $500,000 | 2% | yes | |
| Feb 5, 2021 | Venture Capital Fund | $41.6M | 35 | $500,000 | 2% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $37.4M | 35 | $500,000 | 2% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $31.5M | 35 | $500,000 | 2% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $28.2M | 35 | $500,000 | 2% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $25.1M | 35 | $500,000 | 2% |
Principals and agents
5 principals on Form D, 0 placement agents
- Duane Harris Promoter
- Next Level Ventures, LLC Next Level Ventures, LLC Promoter
- Craig Ibsen Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorEIDE BAILLY, LLP · DENVER, Colorado, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorCAPITAL MANAGEMENT RESOURCES, LLC · MINNEAPOLIS, Minnesota, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBANKERS TRUST COMPANY · DES MOINES, Iowa, United StatesForm ADV filed Mar 31, 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
4 events
- Mar 29, 2024Auditor changed: EIDE BAILLY, LLP replaced UHY LLP, first reported on the Form ADV filed March 29, 2024 (previous filing March 31, 2023)Auditor changed Fact Form ADV
- Mar 31, 2023Auditor changed: UHY LLP replaced LWBJ, LLP, first reported on the Form ADV filed March 31, 2023 (previous filing March 30, 2022)Auditor changed Fact Form ADV
- Aug 29, 2019Next Level Ventures Fund II, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund), GAV $36,841,912Fund first reported on Form ADV Fact Form ADV
- May 2, 2018Next Level Ventures Fund II, LLLP filed Form D: no sales yet of $50,000,000, Pooled Investment FundForm D filed Fact Form D
Evidence
14 observations
Every observation on this vehicle
- Entity type: Other May 2, 2018 Fact Form D
- Form D industry group: Investing May 2, 2018 Fact Form D
- Amendment: false May 2, 2018 Fact Form D
- Revenue range (Form D): No Revenues May 2, 2018 Fact Form D
- Incorporated: withinFiveYears May 2, 2018 Fact Form D
- Jurisdiction: Iowa May 2, 2018 Fact Form D
- Amount sold (Form D): $0 May 2, 2018 Fact Form D
- Offering amount (Form D): $50.0M May 2, 2018 Fact Form D
- Exemptions: 06b May 2, 2018 Fact Form D
- Investors (Form D): 0 May 2, 2018 Fact Form D
- Minimum investment (Form D): 500,000 May 2, 2018 Fact Form D
- Securities offered: equity May 2, 2018 Fact Form D
- Office address: May 2, 2018 Fact Form D
- Year of incorporation: 2018 May 2, 2018 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Next Level Ventures Fund II, LLLP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2019-08-29source on record
- Form D filed2018-05-02source 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.