Next Legacy Management, LLC
● SEC registered since 2012CRD 156640SEC# 801-73561Portola Valley, CA
Ranks #1,444 of 6,030 private fund managers by regulatory AUM.
Reg. AUM
$4.41B
Fund GAV
$4.43B
Private funds
46
Employees
26
Accounts
47
Location
Portola Valley, CA
Next Legacy Management, LLC assets under management
Next Legacy Management, LLC is an SEC-registered investment adviser based in Portola Valley, CA. The firm has been registered since 2012. It reports $4.4 billion in regulatory assets under management and employs 26 people. Next Legacy Management, LLC manages 46 private funds with combined gross assets of $4.4 billion, including Legacy Venture VIII, LLC. By regulatory assets, it ranks 1,444 of 6,030 private fund managers.
Next Legacy Management, LLC private funds
46 funds · $4.43B GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| Legacy Venture VIII, LLC | Venture Capital | $541.1M | $1M |
| Legacy Venture VII, LLC | Venture Capital | $528.6M | $1M |
| Legacy Venture XI, LLC | Venture Capital | $500.4M | $1M |
| Legacy Venture IX, LLC | Venture Capital | $490.9M | $1M |
| Next Legacy XII, LLC | Venture Capital | $421.7M | $1M |
| Legacy Venture X, LLC | Venture Capital | $397.5M | $1M |
| Legacy Venture VI (qp), LLC | Venture Capital | $313.3M | $1M |
| Legacy K, LLC | Venture Capital | $235.7M | — |
| Next Play Capital III Q, L.P. | Venture Capital | $203.4M | $500K |
| Legacy Venture VI, LLC | Venture Capital | $136.1M | $1M |
See all 46 funds — unlock the full record.
Join to unlock · $37/moNext Legacy Management, LLC owners & executives
8 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Ben Chung-Ming Choi Control | Managing Member | 25-50% | 2015 |
| Choi Family Trust Dated March 2, 2012 Control | Managing Member | 25-50% | 2015 |
| Kelli Ann Cullinane Control | Managing Member, Cco, And Cfo | 25-50% | 2012 |
| Nece Family Trust Control | Managing Member | 25-50% | 2016 |
| The Cullinane Family Trust Dated March, 15, 2019 Control | Managing Member | 25-50% | 2019 |
| Ben Chung-Ming Choi Control | Trustee Of Choi Family Trust Dated March 2, 2012 | 25-50% | 2015 |
| Kelli Ann Cullinane Control | Trustee Of The Cullinane Family Trust Dated March 15, 2019 | 25-50% | 2012 |
| Ryan C Nece Control | Trustee Of The Nece Family Trust | 25-50% | 2013 |
Frequently asked questions
How much does Next Legacy Management, LLC manage?
Next Legacy Management, LLC reports $4.4 billion in regulatory assets under management on its Form ADV.
How many private funds does Next Legacy Management, LLC manage?
Next Legacy Management, LLC manages 46 private funds with combined gross assets of $4.4 billion.
How many employees does Next Legacy Management, LLC have?
Next Legacy Management, LLC reports 26 employees.
Where is Next Legacy Management, LLC located?
Next Legacy Management, LLC is based in Portola Valley, CA and has been SEC-registered since 2012.
Does Next Legacy Management, LLC disclose fund performance?
Next Legacy Management, LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration
| Address | 3000 Alpine Rd, Portola Valley, CA 94028-7520 |
| Phone | 650-324-5980 |
| Office hours | 8:00a.m.-5:00p.m. |
| SEC region | San Francisco Regional Office (SFRO) |
| Discloses disciplinary history | No |
Regulatory AUM
$4.41B▲ 21%
Mar '25Form ADV, monthlyJul '26
How this firm compares
Regulatory AUMTop 14%
Larger than 86% of 16,306 advisers
AUM vs fund managersTop 24%
Larger than 76% of 6,030 private-fund managers
Number of fundsTop 4%
More funds than 96% of fund managers
EmployeesTop 20%
More than 80% of 16,824 advisers
Assets under management
$4.41Bregulatory AUM
Discretionary $4.41B
Service providers
Auditor
Custodian
Administrator