Overview
A. Description of the Advisory Firm
The Firm, currently doing business as NextWorld Capital, is a venture capital firm founded in 2009.
The Firm is headquartered in Menlo Park, CA.
B. Types of Advisory Services
The Firm serves as an investment adviser to pooled investment vehicles, which are organized as
Delaware limited partnerships (each a “Fund” and collectively the “Funds”). Affiliates of the Firm
serve as the General Partner or Manager, as applicable, of the Funds. The Firm may also decide in the
future to sponsor or manage additional private investment funds or other clients.
From time to time, the Firm forms and manages, on a transaction-by-transaction basis, special
purpose vehicles (“SPVs”). Unlike the Funds, which generally do not limit investment discretion, such
SPVs are often limited to investing only in the securities relating to the particular transaction for
which the SPV was created. Collectively, the SPVs and the Funds will be known as “clients.”
The Firm invests in enterprise technology companies. The Firm aims to work with its portfolio
companies
to help them build their company and accelerate growth. Investments are made in
accordance with the strategy described in each Fund’s offering memorandum, limited partnership or
limited liability company operating agreement, and subscription documents (collectively, the
“Governing Documents”).
The Funds offer limited partnership or membership interests, as applicable (“Interests”) to certain
qualified investors as described in response to Item 7, below (such investors are referred to herein
as “Investors”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve each Fund’s investment objectives. The Firm has the
authority to select which and how many portfolio companies to invest in and determine exit
strategies, subject to any restrictions as outlined in the applicable Fund’s Governing Documents.
D. Wrap Fee Programs
The Firm does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, the Firm has approximately $221,281,593 in regulatory assets under
management.