NEXTBio Partners LP is a hedge fund based in Austin, Texas. According to its most recent Form D, filed Apr 21, 2026, the fund has sold $21,900,000 of interests to 13 investors since its first sale in Jul 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include NEXTBio Capital LLC; NEXTBio Capital Management LP.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $21,900,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jul 1, 2024
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- NEXTBio Capital LLC; NEXTBio Capital Management LP
- Latest Form D
- Apr 21, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about NEXTBio Partners LP
What is the minimum investment for NEXTBio Partners LP?
NEXTBio Partners LP's latest Form D, filed Apr 21, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NEXTBio Partners LP?
NEXTBio Partners LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has NEXTBio Partners LP raised?
NEXTBio Partners LP reports $21,900,000 sold from 13 investors on its Form D filed Apr 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is NEXTBio Partners LP based?
NEXTBio Partners LP is based in Austin, Texas and is managed by Nextbio Capital Management LP.
When did NEXTBio Partners LP launch?
NEXTBio Partners LP reports its first sale in Jul 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 44% of the 631 hedge funds based in Texas, and more than 31% of all 10,307 that report sales.