NEXT COAST VENTURES, LLC other names

{{ Info.Overview }}
Revenue: {{ Info.Revenue | formatUSD }} Headquarters: {{ Info.Headquarters }}
{{ Info.Homepage }}

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, 7/26/2022

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:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

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

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 2 $41,275,134
Venture Capital Fund 7 $361,787,534

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM # funds
EGLINTON CAPITAL PARTNERS INC. - - 10.9m - - 23.0m - 56.9m - 9
MOTIVATE CAPITAL MANAGEMENT, LLC - - - - - - - - 183.4m -
TWO SIGMA VENTURES, LP - - 1.1b - - 467.0m - 2.0b 1.6b 15
IMPRESA MANAGEMENT LLC - - 10.0b - - 4.9b - 19.9b 11.8b 39
LONGVIEW INNOVATION CORP. - - 1.1m - - 124.0m - 249.2m 125.1m 5
VILLAGE GLOBAL MANAGEMENT, L.L.C. - - 21.0m - - 530.9m - 1.1b 552.4m 5
AIDENLAIR CAPITAL, LLC - - 5.3m - - 56.6m - 118.4m - 12
SAXECAP VC HOLDINGS, LLC - - 3.2m - - 9.8m - 22.9m - 17
CARBON DIRECT CAPITAL MANAGEMENT LLC - - 201.5m - - 490.7m - 1.2b 692.2m 5
HIVEMIND CAPITAL PARTNERS LLC - - - - - 220.9m - 441.7m 220.9m 5

Private Funds



Employees




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.