# Next Legacy Partners: portfolio, investments and team > Next Legacy Partners is a fund of funds based in United States. 1 investment on record, latest Aug 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/next-legacy-partners (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Next Legacy Partners Last cheque observed Aug 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Fund of funds Quiet Venture Capital & Private Equity Follow Next Legacy Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnext-legacy-partners) Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **435** days **00** hrs **00** min **00** sec Median round **$7.5M** Rounds led **0 of 1** Pitch Next Legacy Partners ## Next Legacy Partners highlights - 01 1 rounds on record ## What they do > Next Legacy invests in direct companies and in venture capital firms, which in turn invest in companies. From their own website - **Type:** Fund of funds - **Cheque size:** Not stated - **Sectors:** Venture Capital & Private Equity - **Based in:** Palo Alto, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Aug** **[Welcome Tech](https://millionrounds.com/company/welcome-tech)** US · TechStartups **$7.5M** With 9 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** BC **Ben Chung-Ming Choi** Managing Member and Trustee of Choi Family Trust Dated March 2, 2012 i Form ADV KA **Kelli Ann Cullinane** Managing Member, CCO, CFO and Trustee of the Cullinane Family Trust Dated March 15, 2019 i Form ADV RB **Russell Bruce Hall** Managing Member and Trustee of the Hall Family Trust Dated December 20, 2012, and Any Amendments Thereto i Form ADV RC **Ryan C Nece** Trustee of the Nece Family Trust i Form ADV We also hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$4.4B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** NEXT Legacy Management, LLC - **SEC number:** CRD 156640 Funds on its Form ADV **43** private funds, **$3.8B** in gross assets · filed Mar 2024 - Legacy Venture VII, LLC *Venture* 147 investors $615M - Legacy Venture VIII, LLC *Venture* 126 investors $561M - Legacy Venture IX, LLC *Venture* 160 investors $474M - Legacy Venture XI, LLC *Venture* 222 investors $471M - Legacy Venture VI (QP), LLC *Venture* 61 investors $326M - Legacy Venture X, LLC *Venture* 174 investors $323M - Legacy K, LLC *Venture* 1 investor $184M - Next PLAY Capital III Q, L.P. *Venture* 322 investors $164M - Legacy Venture VI, LLC *Venture* 61 investors $142M - Legacy Venture V (QP), LLC *Venture* 64 investors $97M And 33 more on the filing. ## The cheque Median round joined **$7.5M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Aug 2025 Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Next Legacy Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Next Legacy Partners put money into. [**Welcome Tech** $7.5M · Aug 2025](https://millionrounds.com/company/welcome-tech) ## Quick answers about Next Legacy Partners ### What does Next Legacy Partners invest in? Next Legacy Partners says it invests in Venture Capital & Private Equity. ### How active is Next Legacy Partners? 1 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2025. ### What has Next Legacy Partners invested in recently? Its most recent investments on record: Welcome Tech (Aug 2025). ### How big are Next Legacy Partners's cheques? The median round it joins is $7.5M. ### Is Next Legacy Partners investing now? No investments in the last 12 months; the latest was in Aug 2025. ### What kind of investor is Next Legacy Partners? Next Legacy Partners is a fund of funds based in Palo Alto, United States. ### How much does Next Legacy Partners manage? About $4.4B, as regulatory assets under management (Oct 2026). ### Where does this information on Next Legacy Partners come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=next-legacy-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=next-legacy-partners)