# Next Coast Legacy

Next Coast Legacy is a Private Equity based in Austin, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.nextcoastlegacy.com
- **LinkedIn:** https://www.linkedin.com/company/nextcoasteta

## Regulatory record

- **CRD number:** 337335
- **SEC file number:** 802-134100
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/337335

## About

NCL Partners is run by tenured operators who invest exclusively in future CEOs, helping them identify, acquire, grow and sell businesses in the lower to middle market. They provide ambitious future CEOs with capital, technology, and operational support. The firm is based in Austin and emphasizes hands-on support from search through operations and exit.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Healthcare Services
- Mobility & Transportation
- Private Credit
- Secondaries & Special Situations

## People

- Dustin Sellers — Operator / Former Search Fund CEO
- Anthony — Partner
- Tatiana — Partner

## Questions

### Who runs investment decisions at Next Coast Legacy?

Investment decisions are led by the partners, including Anthony, Tatiana, and Dustin Sellers. The team is composed of former operators who have themselves searched for, acquired, scaled, and exited businesses, providing firsthand pattern recognition in evaluating both the deal and the incoming CEO.

### How does Next Coast Legacy source proprietary deal flow?

Sourcing relies on the partners’ 25-plus-year network across the lower and middle market. The firm works directly with entrepreneurs running active searches, and its operators’ own track records attract CEOs who want a board that has lived through the acquisition-to-exit cycle.

### Does Next Coast Legacy participate in fund commitments or only direct deals?

The firm focuses on direct buyout transactions led by a new CEO. There is no public indication of fund-of-fund commitments or passive limited-partner stakes in other managers. Its capital and operating model are built around the search fund and direct acquisition path.

### What investment stages does Next Coast Legacy target?

The firm targets the lower to middle market, acquiring established businesses that are ready for a new owner-operator. It does not invest in startups or early-stage ventures. The model supports the full lifecycle from prospecting through exit, but the initial transaction is a control buyout.

### How is Next Coast Legacy related to the search fund community?

The firm is embedded in the search fund ecosystem. Its partners are active in the community of founders, advisors, and investors, and the firm positions itself as a go-to capital source and operating partner for searchers. The team also provides thought leadership on emerging acquisition themes.

## Related profiles

- [Next Capital](https://altss.com/profile/next-capital)
- [Nextech](https://altss.com/profile/nextech)

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Last updated: 2026-08-11T15:07:34.613Z

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