The NEW LEGACY GROUP, LLC is a privately held investment adviser that advises $1.28Bn in regulatory assets under management held in 2 SEC fund types across 1 investment strategies. NEW LEGACY GROUP, LLC is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 494.94% over the last 5-years.
The Group has been registered with the SEC for 13.87 years and is comprised of 1 filing and 24 relying advisers. They operate out of 1 office location with their Headquarters at 575 MADISON AVE SUITE 1400, NEW YORK, NY. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 13 employees comprised of 9 investment and 4 non-investment staff. The total number of Employees increased by 44.44% over the last 5-years.
Their $1.28Bn in assets advised are owned by 32 private funds, 0 public funds and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $1.14Bn or 89.08% of Total Assets and High Net Worth Individuals own $139.35mn or 10.92% of Total Assets.
The Group's top investment strategies include Fund of Funds, representing 100% of total assets, respectively.
They advise 2 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and High Net Worth Individuals.
The Group uses 3 Fund Administrators, 2 Fund Auditors, 0 Prime Brokers, 6 Custodians and 2 Marketers. It does not report a third-party Fund Administrator in 11 private funds with $49.35mn in assets.
The Group discloses management fees and performance-based fees.
NEW LEGACY GROUP, LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In NEW LEGACY GROUP, LLC's case, they have 15 business conditions that require high process maturity and 1 Watch Factors.