9AT: NEXT COAST VENTURES, LLC

other names

NEXT COAST VENTURES, LLC
NEXT COAST ETA
NEXT COAST VENTURES
NEXT COAST LEGACY

Adviser Profile

As of Date	03/31/2025
ADV Location	AUSTIN, TX, United States
Adviser Type - Large advisory firm
Number of Employees	10 -17%
of those in investment advisory functions	8 -11%
Registration	SEC, Approved, 07/26/2022
Other registrations (2)	SEC, ERA - Withdrawn, 06/23/2022 Texas, ERA - Withdrawn, 06/23/2022
Former registrations	NEXT COAST VENTURES, LLC

AUM^*	583,008,527 45%
of that, discretionary	583,008,527 45%
Private Fund GAV^*	699,897,092 74%
Avg Account Size	64,778,725 45%
SMA’s	No
Private Funds	12 3
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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count3	GAV$63,734,688
Fund TypeVenture Capital Fund	Count9	GAV$636,162,404

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
Adviser EGLINTON CAPITAL PARTNERS INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM-	#Funds-
Adviser MOTIVATE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM183.4m	#Funds-
Adviser TWO SIGMA VENTURES, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund480.2m	Other Fund-	Total Private Fund GAV2.2b	AUM1.7b	#Funds15
Adviser IMPRESA MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund6.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund4.7b	Other Fund-	Total Private Fund GAV15.7b	AUM11.0b	#Funds38
Adviser LONGVIEW INNOVATION CORP.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM125.1m	#Funds-
Adviser VILLAGE GLOBAL MANAGEMENT, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund34.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund599.2m	Other Fund-	Total Private Fund GAV1.2b	AUM831.9m	#Funds5
Adviser AIDENLAIR CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund8.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund26.0m	Other Fund-	Total Private Fund GAV60.4m	AUM-	#Funds14
Adviser SAXECAP VC HOLDINGS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund85.9m	Other Fund-	Total Private Fund GAV171.8m	AUM-	#Funds50
Adviser CARBON DIRECT CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund440.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund919.6m	Other Fund-	Total Private Fund GAV2.3b	AUM800.0m	#Funds11
Adviser HIVEMIND CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund394.8m	Other Fund-	Total Private Fund GAV789.7m	AUM341.0m	#Funds14

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.

NEXT COAST VENTURES, LLC

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Overview