New Legacy Group

What New Legacy Group does

New Legacy Group, LLC is a privately held, SEC-registered investment adviser founded in 2007 and headquartered at 575 Madison Avenue, Suite 1400, New York, NY 10022. The firm operates as a multifaceted investment platform organized around six business lines: New Legacy Ventures (direct venture and growth capital), New Legacy Asset Management (concentrated public equity strategy targeting companies with durable competitive advantages), a Multi-Family Office (customized wealth preservation, growth, and intergenerational planning), the Matrix Platform (a customized manager-selection fund-of-funds offering access to alternative managers at low minimums), New Legacy Healthcare (an affiliate founded in 2015 focused on breakthrough medical innovation), and Capital Raising Services (placement agent services operated through Stonehaven, LLC, a FINRA-registered broker-dealer). As of February 2026, the firm reported $1.4 billion in assets under management across these lines.

The firm serves three primary client segments: high-net-worth individuals and families seeking multi-family office services, investment advisors and individual investors accessing alternative funds through the Matrix Platform, and visionary entrepreneurs and founders raising venture and growth capital from New Legacy Ventures. Revenue is generated through a combination of management fees on advised assets, performance fees and carried interest on direct investments, and placement fees from capital raising activities. Capital raising services are operated through a separate FINRA-registered broker-dealer affiliate (Stonehaven, LLC) for regulatory separation.

The leadership team includes Founder & CEO Joe Weilgus (25+ years in finance), Chief Investment Officer David Harris (former Chairman, President, and CIO at Rockefeller Asset Management), Co-Founder and Senior Advisor Adam Geiger (former CIO of Ivy Asset Management), Senior Equity Analyst Chris Crosby (joined 2024 after 25+ years at Rockefeller), and Partner at New Legacy Opportunity Fund Dr. Alex Wong (former MD at D.E. Shaw, partner at Apax and Intel Capital). The firm employs 11-50 people, operates with no external venture or private equity backing, and is structured as a founder-led investment advisory practice with ownership concentrated among principals and management. Recent disclosed venture activity includes participation in OpenLight's $50 million Series A-1 funding round in April 2026.

Name

New Legacy Group

Legal name

New Legacy Group, LLC

Website

https://newlegacy.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

New Legacy Group is a privately held, SEC-registered investment adviser founded in 2007 operating from New York, managing $1.4 billion across direct venture and growth investments, concentrated public equities, multi-family office services, the Matrix Platform fund-of-funds, a healthcare affiliate, and capital raising services for high-net-worth families, advisors, and founders.

Ownership category

akta.pro rank

Product category

Investment Management and Wealth Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industries

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Estate & Legacy Planning Advisory (FSAEAAAG)

Keywords

• Venture capital investments
• Public equity management
• Multi-family office
• Wealth advisory services
• Alternative fund platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

New Legacy Group is a multifaceted investment firm that deploys venture and growth capital (New Legacy Ventures), runs a concentrated public equities strategy (New Legacy Asset Management), provides multi-family office wealth advisory services, operates a fund allocation platform (Matrix Platform) offering access to alternative investment funds, invests in healthcare innovations through its affiliate, and delivers capital raising/placement services via Stonehaven, LLC. The firm manages $1.4B in AUM (February 2026) across these integrated business lines for HNW families, investment advisors, individual investors, and growth-stage entrepreneurs.

Product overview

New Legacy Group is a multifaceted investment firm founded in 2007 offering a portfolio of investment services. The core offerings include: New Legacy Ventures (direct venture and growth investments), New Legacy Asset Management (concentrated public equities with durable competitive advantages), the Multi-Family Office (comprehensive wealth preservation and growth services), The Matrix Platform (alternative investment fund allocation), New Legacy Healthcare (healthcare innovation investments), and New Legacy Investment Group Capital Raising Services (placement agent services). Together, these services span from venture capital to public markets, covering direct investments, wealth advisory, and fund allocation across sectors including technology, healthcare, transportation, space, autonomy, and AI.

Differentiator

Problem solved

Functional benefit

Brands

• New Legacy Ventures: Venture and growth capital deployment for visionary entrepreneurs building the future of tech and beyond.
• New Legacy Asset Management
• Matrix Platform

Products and services

• New Legacy Ventures
• New Legacy Asset Management
• Multi-Family Office
• The Matrix Platform
• New Legacy Healthcare
• New Legacy Investment Group Capital Raising Services

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights5 records

Direct peers

• Ariel Investments: Concentrated, long-term value-oriented asset manager. Comparable to New Legacy Asset Management's focus on durable competitive advantages and patient capital.
• Cresset: Modern multi-family office combining wealth advisory, direct private investments, and family-office services. Closest comparable to New Legacy's integrated MFO plus direct-investments model.
• Glenmede: Independent multi-family office and investment manager offering discretionary wealth management, trust services, and direct private investments. Comparable in structure and in the HNW / family-office target segment.
• Pzena Investment Management: Public-equity manager running a concentrated, deep-value portfolio of misunderstood or out-of-favor businesses, materially aligned with New Legacy Asset Management's stated concentrated-equity philosophy.
• Capricorn Investment Group: Multi-strategy investment firm combining venture, public markets, and direct private investments with an impact lens. Direct comparable in style, and a known co-investor with New Legacy on portfolio deals such as OpenLight.
• Lyrical Partners: Multi-strategy investment firm running concentrated public equities alongside direct private investments, with a similar full-stack approach to capital allocation across stages.

Emerging players

• CAIS: Alternatives platform providing advisors and individual investors access to fund-of-funds and direct-alts offerings at low minimums. Directly comparable to New Legacy's Matrix Platform strategy.
• iCapital: Technology-driven alternatives platform offering feeder vehicles, due-diligence research, and access for advisors and wealth platforms. Increasingly competitive with Matrix Platform in the alternatives-access category.

Broad incumbents

• Bessemer Trust: Established multi-family office serving ultra-high-net-worth families with investment management, wealth advisory, and estate planning. Directly comparable to New Legacy's Multi-Family Office line and concentrated-equity philosophy, but at materially larger scale.
• Brown Brothers Harriman (Wealth Management): Long-standing private bank and family-office provider with multi-asset investment management. Overlaps with New Legacy's MFO and asset management lines as an incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Legacy Group