Northgate III
Northgate III
Total Invested
$2,400,000
S
FMV
$2,930,000
as of Sep 30, 2026
S
Unrealized P&L
$530,000
C
Capital Stack Breakdown
| Component | Amount | Tag |
|---|---|---|
| Initial Investment Components | ||
| Initial Cash | $2,400,000 | S |
| = Initial Investment | $2,400,000 | C |
| Capital Activity | ||
| = Total Invested Capital | $2,400,000 | C |
| Hale Share (100.0%) | $2,400,000 | C |
Scope
One investment row (#1024) — no sibling rows carry this deal name.
Workbook ledger through Oct 1, 2026, QBO after it.
Only postings in a distribution or capital-deployment account appear; ordinary GL activity does not.
Contributions
$-2,400,000
4 postings · capital contribution + loan
Distributions
$0
operations + capital + synd
Cash In / Out
$0 / $-2,400,000
by sign, ignoring the bucket
Net
$-2,400,000
4 postings
✓ Foots to the Total Returns KPI — the rows below add to
$0. Both figures count the same postings, so this
checks the itemisation —
nothing dropped, nothing counted twice — not the figure itself.
| Date | Ledger | Bucket | Category | Type | Num | Payee | Memo | Class | Entity | Inv # | Amount |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01/05/2023 | Workbook | Investments | Capital Contribution | Check | 79954 | Northgate Growth | Capital call No. 4 | NGT | Northwind Growth Trust | 1024 | $-440,000 |
| 08/05/2022 | Workbook | Investments | Capital Contribution | Check | 16671 | Northgate Growth | Capital call No. 3 | NGT | Northwind Growth Trust | 1024 | $-440,000 |
| 03/05/2022 | Workbook | Investments | Capital Contribution | Check | 78131 | Northgate Growth | Capital call No. 2 | NGT | Northwind Growth Trust | 1024 | $-440,000 |
| 10/05/2021 | Workbook | Investments | Capital Contribution | Check | 77724 | Northgate Growth | Initial capital call | NGT | Northwind Growth Trust | 1024 | $-1,080,000 |
| Total (4 postings) | $-2,400,000 | ||||||||||
Ownership Metrics
| % of Deal Owned by Legal Entity | 100.0% |
| Ownership % per OA | 100.0% |
| Best Available Ownership % | 100.0% |
| Effective Deal Ownership % | 100.0% |
| % of Investor Owned by Hale | 100.0% |
| % of Deal Owned by Hale | 100.0% |
Entity Chain (1 tiers)
Tier 1
Northwind Growth Trust
Ownership
100.0%
No distributions recorded for this investment.
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| Historic snapshots, last written Sep 30, 2026 — not the live figures shown above. Some early rows carry values that were never right; they are kept as a record of what was reported at the time. | |||||
| 09/30/2026 | $0 | — | — | 4.1% | 1.22x |
Sections
40/64
answered · 62.5%
Deal Info
22/23 answered
| DEAL ID | 19/20 | |
| Investment # (column) | 1,024 | |
| Date of Investment (column) | 10/5/2021 | |
| Holding Period (Years) (formula) | 5.0137 | |
| Name of Investment (column) | Northgate III | |
| Legal Name of Investment (column) | Northgate Growth Partners III LP | |
| Asset Type (column) | Private Equity | |
| Asset Sub-Type (column) | Growth Equity | |
| City (column) | San Francisco | |
| State (column) | CA | |
| ZIP | 94111 | source ↗ confirmed |
| Geography | United States | source ↗ confirmed |
| Investing Entity (column) | Northwind Growth Trust | |
| Role (GP / LP) (column) | LP | |
| Partners | Northgate Growth GP III LLC (general partner); 96 limited partners | source ↗ confirmed |
| Entity that Owns the Deal (column) | Northwind Growth Trust | |
| Ownership % (column) | 100.00% | |
| Initial Investment (column) | 2,400,000 | |
| Total Invested Capital (formula) | 2,400,000 | |
| MH / AK Code (column) | — | |
| Deal Manager (column) | LP Relations | |
| Investment Info (ALL) | 3/3 | |
| Strategy / Thesis (column) | ||
| Current Stage (column) | ||
| Projected Returns | 2.5x gross MOIC target (PPM) | source ↗ confirmed |
PE / VC
7/16 answered
| PE / VC | 7/16 | |
| Valuation Method | — | |
| Valuation As-Of Date | — | |
| Valuation Perspective | — | |
| Company / Fund Value | Fund NAV $1.02B (Jun 30, 2026) | source confirmed |
| Ownership % (Fully Diluted) | — | |
| Committed Capital | $3,000,000 | source ↗ confirmed |
| Called to Date | — | |
| Unfunded Commitment (formula) | — | |
| Latest Capital Statement | — | |
| Round / Stage | Fund III - final close Oct 2021 ($900M) | source ↗ confirmed |
| Lead Investor / Sponsor | Northgate Growth Partners (sponsor) | source ↗ confirmed |
| Security Type | Limited partnership interest | source ↗ confirmed |
| Liquidation Preference (document) | — | |
| Pro-Rata / Follow-On Rights | Co-investment rights, reduced fee (side letter) | source ↗ confirmed |
| Board / Observer Rights | Annual meeting | source ↗ confirmed |
| Reporting Cadence | — |
Tax
4/5 answered
| Tax | 4/5 | |
| Initial Tax Year Expected (formula) | 2,021 | |
| Tax Document Expected (column) | K-1 | |
| Tax Preparer (column) | Lakeside CPA Group | |
| Contact for K1 (column) | LP Relations | |
| FEIN / Account # (column) | — |
Legal
5/6 answered
Reporting & Docs
2/14 answered
| FS / Document Filing / Reporting | 2/14 | |
| OA | On file | source ↗ confirmed |
| Loan Docs (loan) - tbd if separate (document) | — | |
| Closing Statement (RE) (document) | — | |
| OM | On file | source ↗ confirmed |
| UW (document) | — | |
| General Reporting Frequency | — | |
| Accounting Basis (Cash, Accrual) | — | |
| P&L Frequency | — | |
| Balance Sheet Frequency | — | |
| Collections Report Frequency | — | |
| Rent Roll Frquency | — | |
| GL Frequency | — | |
| Investor Report Frequency | — | |
| Capital Account Frequency | — |
Capital Summary
Initial Investment
$2,400,000
S
Committed
$3,000,000
S
Subsequent Calls
$600,000
S
Current Cash
—
S
Total Invested
$2,400,000
C
Entities
Entity Owning Deal
Northwind Growth Trust
Investing Entity
Northwind Growth Trust
Tax Reporting Entity
Northwind Growth Trust
Quick Links
Performance
Tax Docs
No property details available
Total Returns
$0
C
Capital
$0
C
Operations
$0
C
Lifetime ROI
—
C
Annualized ROI
—
C
IRR
4.1%
C
Equity Multiple
1.00x
C
# Distributions
0
Total Returns — Backup Calculation
| Capital Returns | $0 |
| Operations Returns | $0 |
| Total Returns | $0 |
Sum of all Capital + Operations distribution records for this investment.
Capital Returns — Backup Calculation
Sum of all distribution records where type = "Capital".
$0
Operations Returns — Backup Calculation
Sum of all distribution records where type = "Operations".
$0
Lifetime ROI — Backup Calculation
| Total Returns (numerator) | $0 |
| Total Invested Capital (denominator) | $2,400,000 |
| ROI = Returns / Invested | — |
Formula: Total Distributions / Total Invested Capital × 100
Annualized ROI — Backup Calculation
| Lifetime ROI | — |
| Investment Date | 10/05/2021 |
| Years Held | 5.0 yrs |
| Annualized ROI | — |
Formula: Lifetime ROI / Years Held
IRR — Backup Calculation
| Initial Investment (outflow) | -$2,400,000 |
| Terminal Value (Current FMV) | $2,930,000 |
| IRR (XIRR) | 4.1% |
XIRR calculation using actual cash flow dates. Investment outflow → Distribution inflows → Terminal FMV (if active).
Equity Multiple — Backup Calculation
| Total Distributions | $0 |
| Current FMV | $2,930,000 |
| Total Invested Capital (denominator) | $2,400,000 |
| Equity Multiple | 1.00x |
Formula: (Total Distributions + Current FMV) / Total Invested Capital
# Distributions — Details
0 distribution records on file.
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| 09/30/2026 | $0 | — | — | 4.1% | 1.22x |
Distribution Summary
| Total Distributions | $0 |
| YTD Distributions | $0 |
| Distribution Count | 0 |
Financial Statement Coverage — have vs need, from the Documents app
on file ·
missing
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Statement coverage comes from the Documents app, which isn't connected in this demo.
No matching deal found in the Documents app for this investment.
No coverage grid recorded for this deal yet.
| Statement | On file | Missing | Latest on file | Missing periods |
|---|---|---|---|---|
| — |
Deal Docs
✓
Available Financial Statements — from the Documents app
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Statement coverage comes from the Documents app, which isn't connected in this demo.
No matching deal found in the Documents app for this investment.
Matched to — no financial statements on file yet.
| Statement | Period | Received | Filed | Format | Open |
|---|---|---|---|---|---|
| Y — | View SharePoint ↗ |
Tax Documents — by Year (this entity)
2 document(s) · full tax history & capital roll-forward →
2025 (1)
| K-1 · Northgate Growth Partners III LP | Rcvd 09/22/26 | View |
2024 (1)
| K-1 · Northgate Growth Partners III LP | Rcvd 03/25/25 | View |
Cross-Reference Tracking
| Distribution Applicable | No |
| Tax Tracker | Yes |
| FS Tracker | No |
| REO (Property) | No |
| Shared Expenses | No |
| Annual Report | No |
| Syndicated Entities | No |
| Loan Tracker | No |
| Exchange Tracker | No |
Investment Notes
Called 68% of the commitment; the GP expects two more calls through 2027.
Investment Status
| OA Status | Executed |
| Amount per OA | — |