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| Next Legacy Management LLC
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|---|---|
| CRD # | 156640 |
| SEC # | 801-73561 |
| CIK # | |
| AUM | 4,410.4 M (2026-03-31) |
| Employees | 26 (42% Investors, 0% Brokers) |
| Phone | 650-324-5980 |
| Address | 3000 Alpine Rd Portola Valley, CA 94028-7520 |
| Source | [IAPD] [Website] [Twitter] [LinkedIn] [Instagram] |
| Total AUM ($B) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| VC | Next Legacy Alpha 4 LP | [2026-03-31] | 63.4 M | |
| Offered $100,000,000 · Filed 2024-12-19 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $100,000,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | Next Legacy Emerging Leaders 2 LP | [2026-03-31] | 42.5 M | |
| Offered $50,000,000 · Filed 2025-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $50,000,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | Next Legacy Lioness LP | [2026-03-31] | 9.6 M | |
| Filed 2025-07-11 (D) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose | ||||
| VC | Next Legacy Unrivaled LP | [2026-03-31] | 1.4 M | 1.3 M |
| Offered $1,350,000 · Filed 2025-08-14 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Minimum $50,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | Next Legacy XII LLC | [2026-03-31] | 421.7 M | |
| Offered $400,000,000 · Filed 2024-12-16 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $400,000,000 · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | NLP AI LP | [2026-03-31] | 10.3 M | 10.3 M |
| Offered $10,256,400 · Filed 2025-12-23 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | Next Legacy Inflection Fund 2 LP | [2025-03-26] | 32.4 M | 35.7 M |
| Filed 2021-03-12 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| VC | Next Legacy Emerging Leaders 1 LP | [2024-03-28] | 33.2 M | 49.3 M |
| Offered $50,000,000 · Filed 2023-11-02 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $16,800,000 · Duration More than one year · Revenue Decline to Disclose | ||||
| VC | Next Play SJPF LP | [2024-03-28] | 9.4 M | |
| Filed 2022-06-16 (D) · Exemption 04.1, 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| VC | NPC Medly LLC | [2024-03-28] | 2.0 M | 0.2 M |
| Filed 2022-02-25 (D) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $10,000 · Remaining Indefinite · Duration One year or less · Revenue Not Applicable | ||||
| View All | ||||
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 47 | 4.4 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 47 | 4.4 |
| By Discretionary | ||
| Discretionary | 47 | 4.4 |
| Non-Discretionary | 0 | 0.0 |
| Total | 47 | 4.4 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 4.4 | |
| Total | 47 | 4.4 |
| Limited Partners | 2011 - 2026 |
|---|---|
| New York State and Local Retirement System |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Ryan Nece | Director, Executive Officer | 40 | 3 | |
| Eric Valle | Director, Executive Officer | 31 | 3 | |
| John Ailanjian | Director, Executive Officer | 25 | 3 | |
| Next Play Capital LLC NA | Executive Officer | 22 | 3 | |
| Next Play Capital GP II LLC NA | Executive Officer | 18 | 3 | |
| Ben Choi | Director, Promoter | 13 | 3 | |
| Kelli Cullinane | Director | 9 | 2 | |
| Russell Hall | Director, Promoter | 9 | 2 | |
| Alan Marty | Director, Promoter | 8 | 2 | |
| Next Play Capital GP I LP | Executive Officer | 4 | 2 | |
| View All | ||||
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $1.2B |
| Clients | 3 |
| Serves | Institutional |
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