Next Legacy Management, LLC
Portola Valley, CA nextlegacy.com Registered investment adviser
Next Legacy Management, LLC reports 47 venture funds on Form ADV among 47 private funds, with $4.5B in gross private fund assets.
Updates from Next Legacy Management, LLC
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Next Legacy Emerging Leaders 2, L.P. | 2025 | $50M | — | — | April 25, 2025 |
| Next Legacy Alpha 4, L.P. | 2024 | $100M | — | — | December 19, 2024 |
| Next Legacy XII, LLC | 2024 | $400M | — | — | December 16, 2024 |
| Next Legacy Inflection Fund 2, L.P. | 2023 | $75M | — | — | October 13, 2023 |
LPs on the record
No foundation or public plan in the reports we read names this adviser’s funds yet. Find LPs that back firms like it: name a few peers and Hottub ranks the LPs that hold their funds.
Registration
- Legal name
- Next Legacy Management, LLC
- Status
- Registered investment adviser since March 30, 2012
- CRD number
- 156640
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.
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