NewVest is an institutional fintech platform specializing in index funds that offer passive exposure to private markets, akin to how ETFs and index funds provide passive exposure to public markets. The company's mission is to provide passive institutional investment products that allow limited partners (LPs) to efficiently "buy the private markets" with 0% management fees, enabling access to attractive net returns with lower risk and volatility. NewVest's vision is to transform private markets investing and create solutions that make investing more efficient and accessible.
Key Strategic Focus
NewVest's strategic focus centers on offering a suite of index funds for private markets, designed to passively invest in all funds within a given vintage year that meet specific criteria such as asset class or industry sector on a capital-weighted basis. The company's core products aim to emulate the pooled returns of entire asset classes by vintage year, including private equity, private credit, infrastructure, and real estate. Additionally, NewVest offers niche products targeting specific sub-asset classes, such as industry sectors or geographies.
Financials and Funding
In October 2024, NewVest raised $180 million for the second vintage of its private equity index fund, marking a 30% increase over its predecessor fund. This achievement brought the firm's total assets under management (AUM) to $430 million. Earlier, in May 2023, NewVest launched the Private Debt 50 Index Fund ("PD 50"), following the successful launch of its inaugural product, the Private Equity 50 Index Fund ("PE 50") in January 2023.
Pipeline Development
NewVest's product pipeline includes the development of the world's first Private Energy Transition Funds Index, announced in November 2023. This initiative is expected to be the company's third passive index product, following the successful launches of the PE 50 and PD 50 index funds.
Technological Platform and Innovation
NewVest distinguishes itself through its innovative, tech-enabled platform of index funds designed to provide investors with diversified, passive exposure to individual private markets asset classes. The company's products are structured to offer the benefits of passive public market indices and ETFs—such as performance, efficiency, lower costs, and diversification—to the private markets. By passively targeting broad diversification without selection bias toward specific fund managers, NewVest enables investors to "buy the market" and generate more consistent and less volatile returns over the long term than investing in individual private funds.
Leadership Team
NewVest's leadership team comprises professionals with an average of 20 years of experience across the private markets spectrum, including investing, capital raising, investment banking, corporate law, accounting, and technology. Key executives include:
- Edward Talmor-Gera, Chief Executive Officer
- Joseph Blum, Chief Operating Officer, General Counsel, and Chief Compliance Officer
- John Janssen, Chief Technology Officer and Deputy CFO
- Francisca Grol, Head of Research
- Ariel Ezrahi, Head of Energy, Climate, and Special Initiatives
- Eliran Gopas, Head of Product Strategy
- Olivia Jack, Head of Marketing & Communications
- Michael Isikow, Head of Strategic Partnerships
- Sherryl Gilfillian, Head of Investor Services & Deputy Chief Compliance Officer
- Meichun Pan, Controller
- Alex Ziser, Regional Sales Head
Leadership Changes
As of the available information, there have been no recent significant changes or appointments within NewVest's leadership team.
Competitor Profile
Market Insights and Dynamics
The private markets investment industry has seen a growing trend toward passive index investing, with firms like NewVest leading the charge. This approach aims to provide investors with diversified, low-risk investment strategies that emulate pooled returns while minimizing costs. The demand for such products is evident in NewVest's successful fundraising efforts and product launches.
Competitor Analysis
While NewVest is pioneering passive index investing in private markets, other firms are exploring similar strategies. For instance, major players like BlackRock have expressed interest in bringing indexing and ETFs to private markets, indicating a competitive landscape that is evolving rapidly.
Strategic Collaborations and Partnerships
In March 2024, NewVest established a strategic partnership with LV Distribution, a subsidiary of LarrainVial specializing in third-party asset management distribution. This collaboration aims to facilitate better access to private markets investing by combining NewVest's innovative investment products with LV Distribution's extensive distribution network.
Operational Insights
NewVest's strategic considerations include offering no management fee options and passively targeting broad diversification without selection bias toward specific fund managers. This approach allows investors to "buy the market" and generate more consistent and less volatile returns over the long term than investing in individual private funds.
Strategic Opportunities and Future Directions
NewVest's strategic roadmap includes expanding its suite of index funds to cover additional asset classes and sub-asset classes, such as the upcoming Private Energy Transition Funds Index. By leveraging its innovative platform and strategic partnerships, NewVest is well-positioned to capitalize on the growing demand for passive investment strategies in private markets.
Contact Information
For more information, visit NewVest's official website:
NewVest is headquartered in New York and is an SEC Registered Investment Advisor.
