Next Legacy
Next Legacy is an SEC-registered investment adviser based in Portola Valley, CA. It reports advising 47 venture funds, with $4.5B in gross private fund assets as of its Form ADV filed Mar 31, 2026.
Focus
Not known yet. The SEC does not ask a firm what stages or sectors it invests in. Once the firm claims this profile, or rounds it invested in are recorded, it will show here with its source.
Portfolio
No rounds recorded yet. A round appears here when a press release, news report or the company names this firm as an investor, with a link to that source.
People
- Ben ChoiManaging Member of the Manager of the IssuerLast named Jul 22, 2026
- Kelli CullinaneManaging Member of the Manager of the IssuerLast named Jul 22, 2026
- Ryan NeceManaging Member of the Manager of the IssuerLast named Jul 22, 2026
- John AilanjianManaging Director of the IssuerLast named Oct 13, 2023
A fund's Form D names the executive officers and directors of its general partner when it is filed. People stay listed with the date they were last named; someone who has left may still appear until a newer filing or a correction says so.
Funds
| Fund | Formed | Raised | Target | Last filed |
|---|---|---|---|---|
| Next Legacy SPV Series, LLC - Series 1 | 2026 | — | Indefinite | Jul 22, 2026 |
| Next Legacy Alpha 4 (Feeder), L.P. | 2025 | — | $10M | Dec 16, 2025 |
| Next Legacy Emerging Leaders 2, L.P. | 2025 | — | $50M | Apr 25, 2025 |
| Next Legacy Alpha 4, L.P. | 2024 | — | $100M | Dec 19, 2024 |
| Next Legacy XII, LLC | 2024 | — | $400M | Dec 16, 2024 |
| Next Legacy Emerging Leaders 1, L.P. | 2022 | $33M | $50M | Nov 2, 2023 |
| Next Legacy Inflection Fund 2, L.P. | 2023 | — | $75M | Oct 13, 2023 |
Funds are matched to this firm by the manager named on their filings or by name. If a fund here is not theirs, tell us below.
Is something here wrong or out of date?
Tell us what has changed and, if you can, where it says so. An editor checks it against a source before the profile changes. If this profile is about your firm, you can also claim it and keep it current yourself.