Overview
NewView Capital Management, LLC (“NewView” or the “Adviser”) is a Delaware limited
liability company formed on August 13, 2018. Ravi Viswanathan is the principal owner of
NewView and the principal investment professional of NewView (the “Principal”).
The Adviser, together with affiliated general partners of the Funds (each a “General Partner and
collectively, together with any future affiliated general partner, the “General Partners”), provides
discretionary investment advisory services to affiliated closed-ended, private multi-investment
funds and certain special purpose vehicles offered to qualified investors in the United States and
elsewhere (each, a “Fund” and collectively, the “Funds”). Each of the General Partners is a
related person of NewView.
The strategies of the Funds include making private investments in growth stage venture capital
opportunities and purchasing positions in venture capital fund backed companies from one or
more established venture capital firms that (i) are looking to create liquidity at the end of their
fund terms, (ii) have “orphaned” portfolio investments due to the transitioning of the sponsoring
investment professional out of the firm, and (iii) need to reduce the number of board seats held
by the firm in order to focus on new investments. The Funds may also
make follow-on
investments into the companies so acquired (the “Portfolio Companies”), make direct
investments into new Portfolio Companies (the “New Investments”), and acquire interests from
other investment funds in the Portfolio Companies or New Investments.
NewView offers investment advice solely with respect to the investments made by the Funds.
Such services consist of investigating, identifying, and evaluating investment opportunities,
structuring, negotiating, and making investments on behalf of the Funds, managing and
monitoring the performance of such investments, and disposing of such investments. NewView’s
advisory services to the Funds are tailored to the Funds in accordance with the investment
objectives, strategy and restrictions as set forth in the limited partnership agreement of a Fund
(each such agreement, a “Partnership Agreement”).
The Funds, NewView or its affiliates have entered into and, in the future, may enter into
additional side letters or other similar agreements (“Side Letters”) with certain investors in the
Funds that have the effect of establishing rights under, or altering or supplementing the terms of,
the relevant Partnership Agreement with respect to such investors.
As of December 31, 2023, NewView manages $3,243,921,904 of client assets on a discretionary
basis.