NewVest
NewVest is an SEC-registered investment adviser that pioneered investable private market indices, offering closed-end, annual vintage index funds that give institutional allocators, wealth managers, and family offices rules-based, capital-weighted exposure to private equity, debt, infrastructure, and real estate.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What NewVest does
NewVest is a private markets index manager that operates as an SEC-registered investment adviser through NewVest Management, LP, headquartered in New York. The firm pioneered the world's first investable private market indices, constructing capital-weighted portfolios by investing directly as a limited partner in underlying private funds across private equity, private debt, infrastructure, real estate, and niche sub-asset classes. Portfolio construction follows a rules-based, systematic process that targets commitments to the largest funds raising capital each year in each private market asset class, with each fund structured as a closed-end, annual vintage vehicle designed to closely emulate the performance of its target asset class.
The company's core product is the NewVest Index Funds suite, augmented by the S&P Private Equity 50 Indices developed in collaboration with S&P Dow Jones Indices and distributed via partnerships with Treble Peak (with a $50,000 minimum investment) and the London Stock Exchange Group's Digital Market, where NewVest was the first closed-ended private equity fund manager to list in June 2026. NewVest monetizes through management fees and carried interest, and has introduced a disruptive no-management-fee, carry-only option as an alternative pricing structure; a separate partnership with a global asset manager provides quarterly liquidity to fund LPs.
NewVest serves institutional allocators (endowments, foundations, pension funds, sovereign wealth funds), wealth managers and registered investment advisors, and family offices, with named customer Green Square Wealth Management (a boutique multi-family office overseeing more than $5 billion for over 100 families and institutions) as a disclosed reference point. The go-to-market is enterprise-direct, led by a team of Partners and Managing Directors in Capital Formation, a Head of Consultant Relations, and a Head of Fund Sponsor Coverage, combined with channel distribution through S&P DJI, Treble Peak, and LSEG.
NewVest firmographics
Firmographics- Name
- NewVest
- Legal name
- NewVest Management, LP
- Website
- https://newvest.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NewVest is an SEC-registered investment adviser that pioneered investable private market indices, offering closed-end, annual vintage index funds that give institutional allocators, wealth managers, and family offices rules-based, capital-weighted exposure to private equity, debt, infrastructure, and real estate.
- Ownership category
- akta.pro rank
NewVest industry classification
Industry- Product category
- Private Markets Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)
Keywords
Where NewVest is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
NewVest business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Management Fees (Standard): NewVest charges management fees for its index funds. As a novel investment product, fee structures are outlined in each fund's Private Placement Memorandum (PPM) and Partnership Agreement.
- Management Fee Waiver (No Management Fee Option): NewVest introduced a no management fee option, offering a carry-only structure that disrupts traditional high-fee models in private markets, providing lower cost solutions to investors.
- Carried Interest (Performance Fees): NewVest earns carried interest (profit share) on fund performance, aligning manager and investor interests. The firm offers a carry-only fee option alongside traditional management fee structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Standard fee structure with management fees and carried interest |
| Subscription | Multi-year contract | No management fee / carry-only option |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
NewVest product offering
Product offeringCore offering
NewVest is a private markets index manager that builds closed-end, annual vintage index funds investing directly as limited partners in underlying private market funds across private equity, private debt, infrastructure, real estate, and niche sub-asset classes. The firm uses a rules-based, systematic, capital-weighted portfolio construction methodology targeting the largest private funds raising capital each year to deliver diversified private market beta. NewVest also offers flexible fee structures including a no management fee, carry-only option, and provides liquidity solutions in partnership with leading financial institutions.
Product overview
NewVest is a private markets index manager pioneering investable index funds for private markets. The core offering is the NewVest Index Funds product suite, consisting of closed-end, annual vintage vehicles that provide diversified institutional access to private market funds across Private Equity, Private Debt, Infrastructure, Real Estate, and Niche sub-asset Classes. The flagship product line includes the S&P Private Equity 50 Indices (developed in collaboration with S&P Dow Jones Indices) and related passive private market index products accessible via platforms like Treble Peak. The firm also offers liquidity solutions in partnership with leading financial institutions, enabling quarterly liquidity with no fees or caps. The portfolio construction follows a systematic, rules-based approach targeting the largest funds in each vintage year, providing diversified exposure across strategies, sectors, and managers.
Differentiator
Problem solved
Functional benefit
Products and services
- NewVest Index Funds Closed-end, annual vintage vehicles designed to closely emulate the performance of distinct private market asset classes. The funds invest directly as limited partners in underlying private funds, constructing capital-weighted portfolios using a transparent, systematic, rules-based approach. Targeted at institutional allocators, wealth managers, family offices, and registered investment advisors.
- S&P Private Equity 50 Indices Indices co-developed with S&P Dow Jones Indices designed to measure the performance of 50 of the largest available private equity funds in North American and European markets, providing transparent, rules-based benchmarks of private equity fund performance for institutional investors and product manufacturers.
Quantifiable outcome
- Return-to-dispersion ratio of approximately 9 units of return per unit of cross-sectional risk for pooled PE index exposure vs. approximately 6 units for secondary strategies
- +2 more outcomes
Companies that use NewVest
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
NewVest technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NewVest partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- London Stock Exchange GroupcoreNewVest became the first closed-ended private equity fund manager to launch on London Stock Exchange Group's Digital Market. This landmark listing (June 2026) provides NewVest with access to LSEG's extensive network of institutional and retail investors, enhancing visibility and accessibility of its index fund products.
- Treble PeakcoreTreble Peak partnered with NewVest to expand investor access to passive private market index products via its platform, aiming to simplify private market investing. The partnership introduces NewVest's suite of passive private equity indices, accessible with a minimum investment of $50,000, targeting broader investor participation. The collaboration seeks to enhance diversified private equity portfolios and make private market access more transparent and efficient.
- S&P Dow Jones IndicescoreS&P Dow Jones Indices and NewVest collaborated to launch the S&P Private Equity 50 Indices, designed to measure the performance of 50 of the largest available private equity funds in North American and European markets. The indices aim to provide transparent, rules-based measures of private equity fund performance, addressing growing demand from market participants and supporting initiatives like U.S. efforts to expand 401(k) investor access to private equity.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
NewVest competitors and assessment
Company assessmentBroad incumbents
- KKR: KKR is a global alternatives manager with deep private equity, credit, and real assets capabilities, increasingly offering wealth-manager-friendly private market access products. It overlaps with NewVest's target segments and could enter the indexed private markets space.
- StepStone Group: StepStone is a global private markets investment firm focused on fund-of-funds, co-investments, and secondaries, with broad data and research capabilities. Comparable to NewVest as a diversified private markets allocator and index-adjacent data provider.
- Blackstone: Blackstone is the world's largest alternative asset manager with broad PE, credit, real estate, and infrastructure franchises. Comparable to NewVest's broad private market exposure, though Blackstone operates primarily as an active manager and could launch competing index products.
- Hamilton Lane: Hamilton Lane is a major private markets investment manager offering fund-of-funds, co-investments, and direct investments. It overlaps with NewVest on providing diversified private market exposure to institutional and HNW investors, with significantly deeper scale and a longer track record.
Direct peers
- iCapital: iCapital is the largest platform providing wealth managers, RIAs, and family offices with streamlined access to private market funds, including index-style and structured offerings. It is the most direct competitor to NewVest's GTM motion targeting wealth managers seeking simplified private market exposure.
- CAIS: CAIS is a leading alternative investment platform for independent advisors and wealth managers, offering access to private equity, private credit, and hedge funds. It overlaps directly with NewVest's target customer base and channel (wealth managers and RIAs seeking private market exposure).
- Moonfare: Moonfare offers private equity and private debt fund access to individual and institutional investors via a digital platform with low minimums. It competes with NewVest on accessible, systematic private market exposure for HNW and family office clients.
Emerging players
- YieldStreet: YieldStreet provides individual and accredited investors with access to private market alternatives including private credit, real estate, and structured products. Comparable to NewVest's mission of expanding private market access to non-institutional allocators.
- Percent: Percent is a digital private credit and structured products platform offering access to private market debt instruments to a broader investor base. It overlaps with NewVest's private debt index product and broader democratization thesis.
Others
- Preqin: Preqin is the leading data and research provider on private markets, including performance benchmarks and fund-level data. While not a direct competitor for capital, Preqin underpins the analytical infrastructure that NewVest's index methodology and benchmarks (e.g., S&P PE 50) rely on.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
NewVest social profiles
Digital presenceNewVest financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewVest leadership team
Management profileNumber of profiles
Profiles13 records
NewVest funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewVest M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewVest
What does NewVest do?
NewVest is a private markets index manager that builds closed-end, annual vintage index funds investing directly as limited partners in underlying private market funds across private equity, private debt, infrastructure, real estate, and niche sub-asset classes. The firm uses a rules-based, systematic, capital-weighted portfolio construction methodology targeting the largest private funds raising capital each year to deliver diversified private market beta. NewVest also offers flexible fee structures including a no management fee, carry-only option, and provides liquidity solutions in partnership with leading financial institutions.
Is NewVest a public or private company?
NewVest is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NewVest founded?
NewVest was founded in 2021. It employs 11 to 50 people.
Where is NewVest based?
NewVest is headquartered in New York, United States, in the North America region.
How does NewVest make money?
Three revenue lines are on record. Management Fees (Standard) is the primary driver. The others are management Fee Waiver (No Management Fee Option) and carried Interest (Performance Fees).
Who are NewVest's main competitors?
Broad incumbents on record are KKR, StepStone Group, Blackstone and Hamilton Lane. Direct peers are iCapital, CAIS and Moonfare. Emerging players are YieldStreet and Percent. Preqin is listed as an others.
Does NewVest have an API?
No public API is recorded for NewVest.
What industry is NewVest in?
NewVest's product category is Private Markets Asset Management. Its primary akta.pro industry code is FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 523940 and its SIC code is 6282.