Next Legacy Management, LLC
Portola Valley, CA · CRD 156640
Venture capital manager
Next Legacy Management, LLC is an SEC-registered investment adviser based in Portola Valley, CA that reports managing 47 private funds on Form ADV, including 47 venture capital funds. It reports $4.4 billion in regulatory assets under management. Its private funds hold $4.5 billion in gross assets.
- Regulatory assets under management
- $4.4 billionForm ADV Item 5.F
- Gross assets of private funds
- $4.5 billionAll private fund types, Form ADV
- Private funds managed
- 47PE 0 · VC 47 · hedge 0
- Employees
- 26Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 156640
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Venture capital funds filing Form D (4)
Fund
First sale
Raised
Investors
Minimum
Offering
Next Legacy Alpha 4 (Feeder), L.P.
Grand Cayman, Cayman IslandsOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Next Legacy Emerging Leaders 2, L.P.
Palo Alto, CA
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Next Legacy Alpha 4, L.P.
Palo Alto, CA
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Next Legacy XII, LLC
Palo Alto, CA
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private investment funds filing Form D (1)
Fund
First sale
Raised
Investors
Minimum
Offering
Next Legacy Lioness, L.P.
Palo Alto, CA
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (42)
Fund
Gross assets
Minimum
Owners
Adviser
Legacy Venture VII, LLC
Delaware, United StatesVenture capital fund
Gross assets$615M
Minimum$1.0M
Owners147
AdviserNext Legacy Management, LLC
Legacy Venture VIII, LLC
Delaware, United StatesVenture capital fund
Gross assets$561M
Minimum$1.0M
Owners126
AdviserNext Legacy Management, LLC
Legacy Venture IX, LLC
Delaware, United StatesVenture capital fund
Gross assets$474M
Minimum$1.0M
Owners160
AdviserNext Legacy Management, LLC
Legacy Venture XI, LLC
Delaware, United StatesVenture capital fund
Gross assets$471M
Minimum$1.0M
Owners222
AdviserNext Legacy Management, LLC
Legacy Venture VI (QP), LLC
Delaware, United StatesVenture capital fund
Gross assets$326M
Minimum$1.0M
Owners61
AdviserNext Legacy Management, LLC
Legacy Venture X, LLC
Delaware, United StatesVenture capital fund
Gross assets$323M
Minimum$1.0M
Owners174
AdviserNext Legacy Management, LLC
Legacy K, LLC
Delaware, United StatesVenture capital fund
Gross assets$184M
MinimumNone set
Owners1
AdviserNext Legacy Management, LLC
Next Play Capital III Q, L.P.
Delaware, United StatesVenture capital fund
Gross assets$164M
Minimum$500K
Owners322
AdviserNext Legacy Management, LLC
Legacy Venture VI, LLC
Delaware, United StatesVenture capital fund
Gross assets$142M
Minimum$1.0M
Owners61
AdviserNext Legacy Management, LLC
Legacy Venture V (QP), LLC
Delaware, United StatesVenture capital fund
Gross assets$97.3M
Minimum$1.0M
Owners64
AdviserNext Legacy Management, LLC
Next Play Capital II, L.P.
Delaware, United StatesVenture capital fund
Gross assets$65.1M
Minimum$500K
Owners73
AdviserNext Legacy Management, LLC
Next Play Capital II Q, L.P.
Delaware, United StatesVenture capital fund
Gross assets$65.1M
Minimum$500K
Owners79
AdviserNext Legacy Management, LLC
Legacy Venture IV, LLC
Delaware, United StatesVenture capital fund
Gross assets$63.4M
Minimum$1.0M
Owners94
AdviserNext Legacy Management, LLC
Next Play Capital I, L.P.
Delaware, United StatesVenture capital fund
Gross assets$59.1M
Minimum$250K
Owners86
AdviserNext Legacy Management, LLC
NPC Opportunity Fund, L.P.
Delaware, United StatesVenture capital fund
Gross assets$38.6M
Minimum$250K
Owners84
AdviserNext Legacy Management, LLC
Next Legacy Emerging Leaders 1, L.P.
Delaware, United StatesVenture capital fund
Gross assets$37.2M
Minimum$25K
Owners37
AdviserNext Legacy Management, LLC
Legacy Venture V, LLC
Delaware, United StatesVenture capital fund
Gross assets$23.3M
Minimum$1.0M
Owners50
AdviserNext Legacy Management, LLC
NPC Guild II, LLC
Delaware, United StatesVenture capital fund
Gross assets$19.0M
Minimum$25K
Owners25
AdviserNext Legacy Management, LLC
Next Play Capital III, L.P.
Delaware, United StatesVenture capital fund
Gross assets$16.3M
Minimum$250K
Owners76
AdviserNext Legacy Management, LLC
Next Play Sjpf, LP
Delaware, United StatesVenture capital fund
Gross assets$9.3M
Minimum$250K
Owners1
AdviserNext Legacy Management, LLC
NPC Axiomatic, LLC
Delaware, United StatesVenture capital fund
Gross assets$8.2M
Minimum$25K
Owners17
AdviserNext Legacy Management, LLC
NPC Impossible Foods II, LLC
Delaware, United StatesVenture capital fund
Gross assets$6.6M
Minimum$25K
Owners51
AdviserNext Legacy Management, LLC
NPC Exabeam, LLC
Delaware, United StatesVenture capital fund
Gross assets$6.0M
Minimum$25K
Owners7
AdviserNext Legacy Management, LLC
NPC Guild, LLC
Delaware, United StatesVenture capital fund
Gross assets$5.2M
Minimum$25K
Owners7
AdviserNext Legacy Management, LLC
NPC Flexport, LLC
Delaware, United StatesVenture capital fund
Gross assets$5.1M
Minimum$25K
Owners9
AdviserNext Legacy Management, LLC
NPC Thoughtspot, LLC
Delaware, United StatesVenture capital fund
Gross assets$5.0M
Minimum$25K
Owners11
AdviserNext Legacy Management, LLC
NPC Lime II, LLC
Delaware, United StatesVenture capital fund
Gross assets$4.7M
Minimum$25K
Owners36
AdviserNext Legacy Management, LLC
NPC Vb, LLC
Delaware, United StatesVenture capital fund
Gross assets$4.5M
Minimum$25K
Owners23
AdviserNext Legacy Management, LLC
NPC Rubrik II, LLC
Delaware, United StatesVenture capital fund
Gross assets$3.7M
Minimum$25K
Owners20
AdviserNext Legacy Management, LLC
NPC Rubrik, LLC
Delaware, United StatesVenture capital fund
Gross assets$2.7M
Minimum$25K
Owners13
AdviserNext Legacy Management, LLC
NPC Bytedance, LLC
Delaware, United StatesVenture capital fund
Gross assets$2.7M
Minimum$25K
Owners13
AdviserNext Legacy Management, LLC
NPC Keep Truckin, LLC
Delaware, United StatesVenture capital fund
Gross assets$2.6M
Minimum$25K
Owners12
AdviserNext Legacy Management, LLC
NPC Impossible Foods, LLC
Delaware, United StatesVenture capital fund
Gross assets$2.2M
Minimum$25K
Owners5
AdviserNext Legacy Management, LLC
NPC Carta, LLC
Delaware, United StatesVenture capital fund
Gross assets$2.0M
Minimum$25K
Owners6
AdviserNext Legacy Management, LLC
NPC Fanduel, LLC
Delaware, United StatesVenture capital fund
Gross assets$1.9M
Minimum$250K
Owners10
AdviserNext Legacy Management, LLC
NPC Babylist, LLC
Delaware, United StatesVenture capital fund
Gross assets$1.4M
Minimum$25K
Owners16
AdviserNext Legacy Management, LLC
NPC Carbon LLC
Delaware, United StatesVenture capital fund
Gross assets$953K
Minimum$25K
Owners7
AdviserNext Legacy Management, LLC
NPC Lime, LLC
Delaware, United StatesVenture capital fund
Gross assets$852K
Minimum$25K
Owners18
AdviserNext Legacy Management, LLC
NPC Tonal, LLC
Delaware, United StatesVenture capital fund
Gross assets$272K
Minimum$25K
Owners20
AdviserNext Legacy Management, LLC
NPC Medly, LLC
Delaware, United StatesVenture capital fund
Gross assets$167K
Minimum$25K
Owners21
AdviserNext Legacy Management, LLC
NPC Avilac II, LLC
Delaware, United StatesVenture capital fund
Gross assets$11K
Minimum$25K
Owners11
AdviserNext Legacy Management, LLC
NPC Caliva, LLC
Delaware, United StatesVenture capital fund
Gross assets$6K
Minimum$25K
Owners7
AdviserNext Legacy Management, LLC
As reported in the adviser's Form ADV filed Mar 28, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures