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Legacy Venture XI, LLC

Venture Capital FundFund ID 805-7418633976Delaware, United States
Gross assets
$500.4M
Min. investment
$1M
Beneficial owners
222
Size rank
Top 15%
Audited
Yes
Structure
Standalone

About this fund

Legacy Venture XI, LLC is a venture capital fund managed by Next Legacy Management, LLC. The fund reports $500.4 million in gross assets, placing it among the top 15% of private funds by size. The stated minimum investment is $1 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-7418633976
Fund typeVenture Capital Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundNo
Feeder fundNo
Fund of fundsYes
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued0%

Other funds from this manager

FundTypeGross assets
Legacy Venture VIII, LLCVenture Capital$541.1M
Legacy Venture VII, LLCVenture Capital$528.6M
Legacy Venture IX, LLCVenture Capital$490.9M
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Frequently asked questions

How large is Legacy Venture XI, LLC?

Legacy Venture XI, LLC reports $500.4 million in gross assets, among the top 15% of private funds by size.

What is the minimum investment for Legacy Venture XI, LLC?

The stated minimum investment is $1 million.

Who manages Legacy Venture XI, LLC?

Legacy Venture XI, LLC is managed by Next Legacy Management, LLC.

Does Legacy Venture XI, LLC disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

N
Portola Valley, CA

Service providers

Prime broker
None reported

Reported gross assets

$500.4M▲ 7%
Mar '25 — $467.5MApr '25 — $467.5MMay '25 — $467.5MJun '25 — $467.5MJul '25 — $467.5MAug '25 — $467.5MSep '25 — $467.5MOct '25 — $467.5MNov '25 — $467.5MDec '25 — $467.5MJan '26 — $467.5MFeb '26 — $467.5MMar '26 — $500.4MApr '26 — $500.4MMay '26 — $500.4MJun '26 — $500.4M
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 15%
Larger than 85% of 67,041 private funds
Gross assets vs Venture Capital FundsTop 7%
Larger than 93% of 5,217 venture capital funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum

Investor base

Adviser & related persons1%
Funds of funds%
Non-U.S. persons4%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.