Legacy Venture
Legacy Venture last closed a fund in June 2022 — 53 months ago. By its own rhythm, that is already past its usual gap.
Legacy Venture has raised 5 times about every 28 months. The last was Legacy Venture XI, LLC. That pointed to Oct 2024. It is 25 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
- Funds on file
- 8
- Single-deal SPVs
- 1
- Capital raised
- $1.80B
- Latest close
- June 2022
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Legacy Venture XI, LLC | June 2022 | $475M | 0001930871 ↗ |
| Legacy K, LLC | November 2020 | $200M | 0001832992 ↗ |
| Legacy Venture X, LLC | October 2020 | $340M | 0001826638 ↗ |
| Legacy Venture IX, LLC | August 2018 | $250M | 0001744553 ↗ |
| Legacy Venture VIII, LLC | January 2016 | $240M | 0001664250 ↗ |
| Legacy Venture VI, LLC | March 2011 | $51M | 0001517610 ↗ |
| LEGACY TRUST 321 | — | $1M | 0001494608 ↗ |
| Legacy Venture VII, LLC | — | $240M | 0001600888 ↗ |
| Legacy Venture VI (QP), LLC | March 2011 | $148M | 0001517609 ↗ |
| Legacy SPV I, LLC | — | not stated | 0001795925 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Russell Hall, Alan Marty, Ben Choi, Chris Eyre, Julianna Simmons, Laurence Richards, Stephane Azra
What Legacy Venture invests in
- Typical fund
- $240M median, early stage, Series A-B scale
- Says it invests in
- fintech · consumer
- Says it invests at
- early-stage
- Website
- nextlegacy.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- None reported — the adviser answered “no administrator” for 8 of 8 funds
- Auditor
- EY (8 funds)
From Form ADV filed by NEXT LEGACY MANAGEMENT, LLC CRD 156640 ↗, latest filing March 2026, covering 8 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.