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.