Investment adviser · CRD 156640

NEXT LEGACY MANAGEMENT, LLC

Investment adviser filing (IA)

PORTOLA VALLEY, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $4.41B
Client accounts: 47
Employees: 26
Advisory professionals: 11

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	47	$4,410,438,207	100.0%

Filing source

Form ADV 2069530 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

LEGACY VENTURE VIII, LLCVenture Capital Fund · Last reported Mar 31, 2026$541MGross asset value

Form D fundraising filings

Legacy Venture VIII, LLC

Auditor ERNST & YOUNG LLP SAN FRANCICSO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-6133947380
Reported beneficial owners: 126
Minimum commitment: $1M
Form D file number: 021-255586

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGACY VENTURE VII, LLCVenture Capital Fund · Last reported Mar 31, 2026$529MGross asset value

Form D fundraising filings

Legacy Venture VII, LLC

Auditor ERNST & YOUNG LLP SAN FRANCICSO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-6214614465
Reported beneficial owners: 147
Minimum commitment: $1M
Form D file number: 021-212568

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGACY VENTURE XI, LLCVenture Capital Fund · Last reported Mar 31, 2026$500MGross asset value

Form D fundraising filings

Legacy Venture XI, LLC

Auditor ERNST & YOUNG LLP SAN FRANCISCO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-7418633976
Reported beneficial owners: 222
Minimum commitment: $1M
Form D file number: 021-450685

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGACY VENTURE IX, LLCVenture Capital Fund · Last reported Mar 31, 2026$491MGross asset value

Form D fundraising filings

Legacy Venture IX, LLC

Auditor ERNST & YOUNG LLP SAN FRANCICSO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-9360990573
Reported beneficial owners: 160
Minimum commitment: $1M
Form D file number: 021-315254

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NEXT LEGACY XII, LLCVenture Capital Fund · Last reported Mar 31, 2026$422MGross asset value

Form D fundraising filings

Next Legacy XII, LLC

Auditor FRANK, RIMERMAN & CO. LLP PALO ALTO, California, United States

Custodian CITIZENS BANK SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

FRANK, RIMERMAN & CO. LLP
PCAOB 1596

CITIZENS BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source

Fund ID: 805-7757956479
Reported beneficial owners: 151
Minimum commitment: $1M
Form D file number: 021-532180

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGACY VENTURE X, LLCVenture Capital Fund · Last reported Mar 31, 2026$397MGross asset value

Form D fundraising filings

Legacy Venture X, LLC

Auditor ERNST & YOUNG LLP SAN FRANCICSO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-7241779987
Reported beneficial owners: 176
Minimum commitment: $1M
Form D file number: 021-377847

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGACY VENTURE VI (QP), LLCVenture Capital Fund · Last reported Mar 31, 2026$313MGross asset value

Form D fundraising filings

Legacy Venture VI (QP), LLC

Auditor ERNST & YOUNG LLP SAN FRANCICSO, California, United States

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E3

Fund details & source

Fund ID: 805-7443137036
Reported beneficial owners: 61
Minimum commitment: $1M
Form D file number: 021-158089

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Performance-based

Principal office

3000 ALPINE RD
PORTOLA VALLEY, CA, 94028-7520, United States

CRD 156640

Filing source

Form ADV 2069530 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.