Legacy Venture VII, LLC

Fundmanaged by Next Legacy Management, LLC· Delaware
Vintage
2014
Reported gross assets
$529M
Form ADV, Mar 31, 2026
HarvestFundraising status unknownADV: Venture Capital Fund
More
As of · the latest observation of this vehicle; each figure below carries its own filing date

1 additional principal

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

  1. -14%
    reported GAV

    Reported gross assets fell from $615M to $529M between the Form ADV filings of 28 Mar 2024 and 31 Mar 2026.

    The fund's assets as the adviser swears them, never its size or dry powder.

    Derivedtwo Form ADV Schedule D filingsFor LPs, secondaries buyersReporting →
Drawing the relationship network…

Amounts, each with its basis

Vintage
2014basis: adv first reported
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$240Mwhat may be sold, not what was raised; file 021-212568, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Feb 26, 2014
First sale
unknown
Reported GAV
$529Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
147
Reported on ADV
Mar 27, 2014 to Mar 31, 2026

Fundraising evidence

Unknown
latest Form D 2014-02-26, older than 15 months (fr-1)
evidence dated Feb 26, 2014.

Lifecycle

Harvest
vintage over 7 years, still reported
age years: 12first sale: n/avintage year: 2014adv gav as of: Mar 31, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $240Mform d latest filed at: Feb 26, 2014

The fund's own reporting through time

18 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 27, 2014Venture Capital Fund$208M
120$1.0M1%yes
Mar 19, 2015Venture Capital Fund$281M
140$1.0M1%yes
Mar 22, 2016Venture Capital Fund$322M
140$1.0M1%yes
Oct 21, 2016Venture Capital Fund$322M
140$1.0M1%yes
Mar 20, 2017Venture Capital Fund$257M
140$1.0M1%yes
Mar 19, 2018Venture Capital Fund$262M
140$1.0M1%yes
Mar 29, 2019Venture Capital Fund$343M
140$1.0M1%yes
Mar 27, 2020Venture Capital Fund$422M
140$1.0M1%yes
Oct 7, 2020Venture Capital Fund$422M
140$1.0M1%yes
Mar 31, 2021Venture Capital Fund$507M
144$1.0M1%yes
May 6, 2021Venture Capital Fund$507M
144$1.0M1%yes
Mar 31, 2022Venture Capital Fund$951M
144$1.0M1%yes
Jan 5, 2023Venture Capital Fund$951M
144$1.0M1%yes
Feb 22, 2023Venture Capital Fund$706M
144$1.0M1%yes
Jun 12, 2023Venture Capital Fund$706M
144$1.0M1%yes
Jun 15, 2023Venture Capital Fund$706M
144$1.0M1%yes
Mar 28, 2024Venture Capital Fund$615M
147$1.0M1%yes
Mar 31, 2026Venture Capital Fund$529M
147$1.0M1%

Principals and agents

4 principals on Form D, 0 placement agents

Service providers

2 named on Form ADV Schedule D and Form D

Limited partners and their reported performance

0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.

Known LPs and allocators

3 relationships, public pensions and the allocator graph, each counted once
AllocatorTypeAmountDateSource
Find US Faithful FoundationFOUNDATION$2.9M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
DE Beaumont Foundation IncFOUNDATION$5.6M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
John R Oishei FoundationFOUNDATION$6.4M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Investments attributed to this vehicle

0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.

Timeline

3 events
  1. Mar 29, 2019
    Auditor changed: EY replaced PwC, first reported on the Form ADV filed March 29, 2019 (previous filing March 19, 2018)
    Auditor changed Fact Form ADV
  2. Mar 27, 2014
    Legacy Venture VII, LLC first reported on Form ADV by Legacy Venture Management, LLC (Venture Capital Fund), GAV $208,300,000
    Fund first reported on Form ADV Fact Form ADV
  3. Feb 26, 2014
    Legacy Venture VII, LLC filed Form D: no sales yet of $240,000,000, Venture Capital Fund
    Form D filed Fact Form D

Evidence

15 observations
Every observation on this vehicle
  • Entity type: Limited Liability Company Feb 26, 2014 Fact Form D
  • Form D fund type: Venture Capital Fund Feb 26, 2014 Fact Form D
  • Form D industry group: Pooled Investment Fund Feb 26, 2014 Fact Form D
  • Amendment: false Feb 26, 2014 Fact Form D
  • Revenue range (Form D): Decline to Disclose Feb 26, 2014 Fact Form D
  • Incorporated: withinFiveYears Feb 26, 2014 Fact Form D
  • Jurisdiction: Delaware Feb 26, 2014 Fact Form D
  • Amount sold (Form D): $0 Feb 26, 2014 Fact Form D
  • Offering amount (Form D): $240M Feb 26, 2014 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Feb 26, 2014 Fact Form D
  • Investors (Form D): 0 Feb 26, 2014 Fact Form D
  • Minimum investment (Form D): 0 Feb 26, 2014 Fact Form D
  • Securities offered: pooled Feb 26, 2014 Fact Form D
  • Office address: Feb 26, 2014 Fact Form D
  • Year of incorporation: 2014 Feb 26, 2014 Fact Form D

Relationships across DFX

on 2 other DFX graphs
Across the graphs

Legacy Venture VII, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

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.

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Record history

2 dated events on the change ledger, latest event first
  • Fund first reported on ADV
    2014-03-27source on record
  • Form D filed
    2014-02-26source 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.