9AT: NEXT COAST VENTURES, LLC

NEXT COAST VENTURES, LLC

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other names

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

Adviser Profile

Registration status

Terminated

As of Date	04/02/2026
ADV Location	AUSTIN, TX, United States
Adviser Type - Large advisory firm
Number of Employees	10 -17%
of those in investment advisory functions	8 -11%

AUM^*	583,008,527 -1%
of that, discretionary	583,008,527 -1%
Private Fund GAV^*	0 -100%
Avg Account Size	64,778,725 -1%
SMA’s	No
Private Funds	0 12
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

Reported AUM

629M 539M 449M 359M 270M 180M 90M

2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

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.