Next Legacy Management, LLC
We serve a diverse community of philanthropists, athletes, cultural luminaries, venture capitalists, and founders—amplifying their impact through venture…
In the firm's own words, from its website.
19 additional team members, 37 additional co-investors and affiliates, 163 additional investments, funds and LPs, 30 events, 19 verified contacts (18 professional url, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 vehicleson Form D, 18 months
$10.3M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
- 6 dealswith Mastry
Invests most often alongside Mastry (6 shared deals) and Institutional Venture (5 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmProfile
- Managing Member MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
187 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Next Legacy Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Next Legacy Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
68 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Affinity | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| AiFi Inc. | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Arc Technologies | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
24 current, 4 departed
Decision makers
- Ryan Nece · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website), confirmed 2026-09-30, confidence 90%
Who else at this firm · 1 person, grouped by function
- Russell Bruce Hall · Managing Member And Trustee Of The Hall Family Trust Dated December 20, 2012, And Any Amendments TheretoWhy this person: Board member; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member Member
- Managing Member And Trustee Of The Hall Family Trust Dated December 20, 2012, And Any Amendments Thereto
- Managing Partner
4 departed (kept with end dates)
- Alan Wayne Marty · Managing Member And Trustee Of The Marty Family Trust Of October 14, 2003 As Amended And Restated November 1, 2012 · May 1, 2008 to Jan 5, 2023 Inference
- Chris Allan Eyre · Managing Member · Dec 1, 2001 to Mar 22, 2016 Inference
- Lance Riley Taylor · Chief Financial Officer · Dec 1, 2005 to Mar 27, 2013 Inference
Contacts
1 firm phone, 18 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
55 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| NLP Ai, LP | Fund | 2025 form d first sale | Newly closed | $10.3M Mar 31, 2026 | 45 | $10.3M of $10.3M | Dec 23, 2025 |
| Next Play Capital II, L.P. | Fund | 2024 adv first reported | Early deployment | $71.7M Mar 31, 2026 | 73 | $0 | Mar 2, 2018 |
| Next Play Capital II Q, L.P. | Fund | 2024 adv first reported | Early deployment | $71.7M Mar 31, 2026 | 82 | $0 | Aug 8, 2019 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| San Jose Police and Fire Department Retirement Plan | PUBLIC PENSION | Next Play Capital III, L.P. | $10.0M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| Find US Faithful Foundation | FOUNDATION | Legacy Venture VII, LLC | $2.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| John R Oishei Foundation | FOUNDATION | Legacy Venture Xi, LLC | $712,269 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
129 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-306 shared deals · strong
- 2026-10-015 shared deals · strong
- 2026-10-015 shared deals · strong
Across DFX and the capital chainon 2 other DFX graphs · 19 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Next Legacy Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Next Legacy Management, LLC sits on 19 traced paths of capital across the graphs.
DFX traced 19 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
35 dated events, 72 observations from 3 sources
Timeline
- Mar 31, 2026Next Legacy Lioness, LP first reported on Form ADV by Next Legacy Management, LLC (Venture Capital Fund), GAV $9,620,631
- Mar 31, 2026Next Legacy Unrivaled, LP first reported on Form ADV by Next Legacy Management, LLC (Venture Capital Fund), GAV $1,322,234
- Mar 31, 2026Next Legacy Alpha 4, LP first reported on Form ADV by Next Legacy Management, LLC (Venture Capital Fund), GAV $63,416,692
- Mar 31, 2026Next Legacy Xii, LLC first reported on Form ADV by Next Legacy Management, LLC (Venture Capital Fund), GAV $421,672,580
- Mar 31, 2026NLP Ai, LP first reported on Form ADV by Next Legacy Management, LLC (Venture Capital Fund), GAV $10,256,400
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 47 private fundsShowHide
- Headquarters
- Portola Valley, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- nextlegacy.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 47 (47 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $4.5Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $4.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 26
- Owners on Schedule A
- Nece Family Trust (Managing Member), owns 25% to 50%; Choi Family Trust Dated March 2, 2012 (Managing Member), owns 25% to 50%; The Cullinane Family Trust Dated March, 15, 2019 (Managing Member), owns 25% to 50%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $5.0B
- Sep 12, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $4.4B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-02-13 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-02-13 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-30 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Employees | 26 | Mar 31, 2026 | Fact | Form ADV |
| Employees | 25 | Mar 28, 2024 | Fact | Form ADV |
| Headquarters | Portola Valley, CA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 47 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 47 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 43 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.5B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.5B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.8B | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $4.4B | Mar 31, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $3.8B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 47 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 47 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 43 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShowHide
Both early and growth/opportunity families, reported GAV $5.0B
- importance
- gav: 0.8 · funds: 1 · people: 0.6 · investments: 0.68 · co investors: 0.85
- active deployment
- investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 58 · reported gav: $4.5B · first adv filing: 2012-02-13 · years since first filing: 14.6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 53.3confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 50.9confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 24confidence 80%Why: activity; cap table
+7 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2012-02-13source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.