Next Legacy XII, LLC
Venture Capital FundFund ID 805-7757956479Delaware, United States
Gross assets
$421.7M
Min. investment
$1M
Beneficial owners
151
Size rank
Top 19%
Audited
Yes
Structure
Standalone
About this fund
Next Legacy XII, LLC is a venture capital fund managed by Next Legacy Management, LLC. The fund reports $421.7 million in gross assets, placing it among the top 19% 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 ID | 805-7757956479 |
| Fund type | Venture Capital Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | Yes |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Legacy Venture VIII, LLC | Venture Capital | $541.1M |
| Legacy Venture VII, LLC | Venture Capital | $528.6M |
| Legacy Venture XI, LLC | Venture Capital | $500.4M |
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Join to unlock · $37/moFrequently asked questions
How large is Next Legacy XII, LLC?
Next Legacy XII, LLC reports $421.7 million in gross assets, among the top 19% of private funds by size.
What is the minimum investment for Next Legacy XII, LLC?
The stated minimum investment is $1 million.
Who manages Next Legacy XII, LLC?
Next Legacy XII, LLC is managed by Next Legacy Management, LLC.
Does Next Legacy XII, 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
Reported gross assets
$421.7MNo change
Mar '26Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 19%
Larger than 81% of 67,041 private funds
Gross assets vs Venture Capital FundsTop 8%
Larger than 92% of 5,217 venture capital funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum
Investor base
Adviser & related persons%
Funds of funds6%
Non-U.S. persons4%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.