Night Capital
Night Capital last closed a fund in May 2025 — 18 months ago. By its own rhythm, that is inside the window where it usually raises again.
Night Capital has raised 3 times about every 25 months. The last was Night Capital Fund IV, LP. That points to Jun 2027 — it is inside its window now.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
Still filing with the SEC: August 2026. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 4
- Single-deal SPVs
- 17
- Capital raised
- $49M
- Latest close
- May 2025
- Based in
- CA, WA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Night Capital Fund IV, LP | May 2025 | $21M | 0002068509 ↗ |
| Night Capital Fund III, LP | May 2023 | $8M | 0001979764 ↗ |
| Night Capital Fund II - QP, LP | May 2021 | $8M | 0001920153 ↗ |
| Night Capital Fund II, LP | March 2021 | $12M | 0001859939 ↗ |
| DOT Fund II, a series of Night Capital Opportunities, LP | August 2026 | $587,000 | 0002148886 ↗ |
| DOT Fund I, a series of Night Capital Opportunities, LP | July 2026 | $6M | 0002136677 ↗ |
| LAS Fund I, a series of Night Capital Opportunities, LP | April 2026 | $952,500 | 0002125537 ↗ |
| CO Fund II, a series of Night Capital Opportunities, LP | December 2025 | $1M | 0002098390 ↗ |
| TO Opportunity I, a series of Night Capital Opportunities, LP | November 2025 | $330,000 | 0002093546 ↗ |
| Zip Opportunity, a series of Night Capital Opportunities, LP | November 2024 | $180,000 | 0002040794 ↗ |
| CO Fund I, a series of Night Capital Opportunities, LP | August 2024 | $485,000 | 0002033644 ↗ |
| UN Fund IV, a series of Night Capital Opportunities, LP | June 2024 | $27M | 0002027546 ↗ |
| RO Fund III, a series of Night Capital, LP | April 2022 | $236,000 | 0001924553 ↗ |
| UN Fund III, a series of Night Capital, LP | January 2022 | $2M | 0001905040 ↗ |
| ZI Fund I, a series of Night Capital, LP | September 2021 | $1M | 0001883419 ↗ |
| UP Fund I, a series of Night Capital, LP | August 2021 | $173,343 | 0001878170 ↗ |
| UN Fund II, a series of Night Capital, LP | April 2021 | $2M | 0001858159 ↗ |
| ROU Fund II, a series of Night Capital, LP | April 2021 | $532,777 | 0001858053 ↗ |
| UN Fund I, a series of Night Capital, LP | October 2020 | $300,000 | 0001830623 ↗ |
| ROU Fund I, a series of Night Capital, LP | January 2020 | $254,000 | 0001798867 ↗ |
| Fund I, a series of Night Capital, LP | May 2019 | $4M | 0001779280 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Kevin Carter
What Night Capital invests in
- Typical fund
- $12M median, pre-seed / seed scale
Service providers
- Fund administrator
- AngelList (Belltower) (9 funds)
- Auditor
- Not on file
From Form ADV filed by PLATFORM ADVISOR, LLC CRD 167700 ↗, latest filing June 2026, covering 9 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.