NEXT COAST VENTURES, LLC

other names
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Adviser Profile
As of Date 05/14/2024
Adviser Type - Large advisory firm
Number of Employees 12
of those in investment advisory functions 9
Registration SEC, Approved, 07/26/2022
Other registrations (2)
Former registrations

NEXT COAST VENTURES, LLC

AUM* 586,025,922 47.68%
of that, discretionary 586,025,922 47.68%
Private Fund GAV* 403,062,668 3.34%
Avg Account Size 65,113,991 47.68%
SMA’s No
Private Funds 9
Contact Info (51 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
629M 539M 449M 359M 270M 180M 90M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count2 GAV$41,275,134
Fund TypeVenture Capital Fund Count7 GAV$361,787,534

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Brochure Summary

Overview

For purposes of this Brochure, the “Adviser” or “Next Coast” means Next Coast Ventures, LLC, a Delaware limited partnership formed in 2016. The principal owners of Next Coast are Thomas Ball and Michael Smerklo. Next Coast provides investment management and advisory services to venture capital funds and other privately offered funds (each a “Fund” or “Client”, together, the “Funds” or “Clients”) pursuant to investment management or investment advisory agreements (each, an “Investment Advisory Agreement”) between each Fund and the Adviser. The general partner or equivalent of each Fund is, or will be, an affiliate of the Adviser (each a “General Partner” or “Affiliate”). The Adviser and its Affiliates operate in accordance with the terms set forth in the limited partnership
agreement (together with the Investment Advisory Agreement, Partnership Agreement, Private Placement Memorandum and, as applicable, any side letter agreements negotiated with investors in an applicable Fund, the “Fund Governing Documents”) of such Fund, which includes specific information concerning the operation and management of each Fund. The Adviser has the authority to recommend all investment decisions for each Fund, subject to compliance with the investment criteria set forth in a Fund’s Governing Documents of the relevant Fund. Next Coast does not sponsor or participate in wrap fee programs. As of December 31, 2023, Next Coast had $586,025922 in discretionary regulatory assets under management. Next Coast does not manage any non-discretionary assets.