Next Play Capital III Q, L.P.
Venture Capital FundFund ID 805-7178276185Delaware, United States
Gross assets
$203.4M
Min. investment
$500K
Beneficial owners
322
Size rank
Top 31%
Audited
Yes
Structure
Standalone
About this fund
Next Play Capital III Q, L.P. is a venture capital fund managed by Next Legacy Management, LLC. The fund reports $203.4 million in gross assets, placing it among the top 31% of private funds by size. The stated minimum investment is $500,000. 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 | 805-7178276185 |
| 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 |
See all 45 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Next Play Capital III Q, L.P.?
Next Play Capital III Q, L.P. reports $203.4 million in gross assets, among the top 31% of private funds by size.
What is the minimum investment for Next Play Capital III Q, L.P.?
The stated minimum investment is $500,000.
Who manages Next Play Capital III Q, L.P.?
Next Play Capital III Q, L.P. is managed by Next Legacy Management, LLC.
Does Next Play Capital III Q, L.P. 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
Custodian
Administrator
Auditor
Reported gross assets
$203.4M▲ 23%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 31%
Larger than 69% of 67,041 private funds
Gross assets vs Venture Capital FundsTop 14%
Larger than 86% of 5,217 venture capital funds
Minimum investmentTop 50%
Higher than 50% of funds reporting a minimum
Investor base
Adviser & related persons1%
Funds of funds%
Non-U.S. persons2%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.