Investment adviser · CRD 309808

NEXT VENTURES

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

NEXT VENTURES MANAGEMENT, LLC

AUSTIN, TX, United States · Form ADV filed Mar 26, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

5 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.

NEXT VENTURES, LPVenture Capital Fund · Last reported Mar 26, 2026$85.5MGross asset value

Form D fundraising filings

Next Ventures, LP

Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP DALLAS, Texas, United States
Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG, LLP
PCAOB 185

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source
Fund ID
805-7364090126
Reported beneficial owners
79
Minimum commitment
$0
Form D file number
021-343573

Form ADV 2068576 · Mar 26, 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 OPTIMIZED I, LPVenture Capital Fund · Last reported Mar 26, 2026$43.4MGross asset value

Form D fundraising filings

Next Optimized I, LP

Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian JPMORGAN CHASE NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

JPMORGAN CHASE
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source
Fund ID
805-6317776895
Reported beneficial owners
9
Minimum commitment
$0
Form D file number
021-528993

Form ADV 2068576 · Mar 26, 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 OPTIMIZED II, LPVenture Capital Fund · Last reported Mar 26, 2026$42.3MGross asset value
Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian JPMORGAN CHASE NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

JPMORGAN CHASE
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source
Fund ID
805-9796881582
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2068576 · Mar 26, 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 VENTURES II, LPVenture Capital Fund · Last reported Mar 26, 2026$13.6MGross asset value

Form D fundraising filings

Next Ventures II, LP

Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP DALLAS, Texas, United States
Custodian CITIZENS BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG, LLP
PCAOB 185

CITIZENS BANK
LEI 5493002FSR6V2NM1K863

Fund details & source
Fund ID
805-1523743562
Reported beneficial owners
51
Minimum commitment
$0
Form D file number
021-507162

Form ADV 2068576 · Mar 26, 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 OPTIMIZED III, LPVenture Capital Fund · Last reported Mar 26, 2026$304KGross asset value

Form D fundraising filings

NEXT Optimized III, LP

Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian CITIZENS BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CITIZENS BANK
LEI 5493002FSR6V2NM1K863

Fund details & source
Fund ID
805-8510884075
Reported beneficial owners
4
Minimum commitment
$0
Form D file number
021-531243

Form ADV 2068576 · Mar 26, 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 26, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

2901 BEE CAVES BUILDING O
AUSTIN, TX, 78746, United States

CRD 309808

Filing source

Form ADV 2068576 · Mar 26, 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.