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Adviser Profile

As of Date 11/25/2024
Adviser Type - Large advisory firm
Number of Employees 126 -4.55%
of those in investment advisory functions 56 -3.45%
Registration SEC, Approved, 01/30/2023
Other registrations (4)
Former registrations

NEA MANAGEMENT COMPANY, LLC

AUM* 25,912,724,688
of that, discretionary 25,912,724,688
Private Fund GAV* 26,539,439,661 2.42%
Avg Account Size 1,439,595,816 0.00%
SMA’s No
Private Funds 19 1
Contact Info (30 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
27B 23B 19B 15B 12B 8B 4B
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$626,714,974
Fund TypeVenture Capital Fund Count18 GAV$25,912,724,687

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Brochure Summary

Overview

NEA Management Company, LLC (the “Adviser”) is a Delaware limited liability company and a registered investment adviser. The Adviser, together with its advisory affiliates (where the context permits, including the general partners of the Funds (each a “General Partner” and collectively, the “General Partners” and, together with the Adviser and its affiliated entities, “NEA”)), provides discretionary investment advisory services to pooled investment vehicles, investment vehicles that generally co-invest with such entities and any future private fund or investment vehicle that NEA may organize, including any successor fund or other future funds to which NEA provides investment advisory services, which may include funds formed for one investor (each a “Fund,” and collectively, the “Funds”), in each case, that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). NEA was formed in 1977. NEA Management Company, LLC was formed in 2006 and is controlled by its sole owner, NEA Manager TC, LLC, which is controlled by its managing member, NEA Manager Holdings MF, LLC, which in turn is controlled by its directors, Scott D. Sandell, Anthony A. Florence, Jr., and Mohamad Makhzoumi. NEA provides investment advisory services to Funds that primarily focus on early-stage and venture growth equity investing. The Funds invest in a broad range of technology and healthcare sectors across multiple stages and geographies. NEA’s discretionary investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and disposing of such investments. Although investments are made predominantly in non-public companies, certain Funds will, from time to time, make investments in public companies, Crypto Assets (as defined below), and other investment funds or similar entities sponsored by third-party managers to the extent consistent with
the respective Fund’s investment strategy and objectives and its Governing Documents (as defined below). NEA’s advisory services to each Fund are detailed in the relevant limited partnership agreement, individual manager letter agreement, the private placement memorandum, and/or other analogous organizational documents of the Funds (collectively the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds are referred to in this Brochure as “investors” or “limited partners.” Investors and prospective investors in each Fund should refer to the Governing Documents of the respective Fund for information on the investment objectives and investment restrictions with respect to such Fund. There is no assurance that any of the Funds’ investment objectives will be achieved. The Funds or the General Partners have entered into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing certain terms of, the Governing Documents with respect to such investors, and such rights are not made available to investors generally. Except as required by regulation, such Side Letters generally are disclosed only to investors in the applicable Fund that have separately negotiated with NEA for the right to review such Side Letters. NEA also forms co-investment vehicles or other entities to co-invest with or alongside certain other Funds in one or more portfolio companies. Please refer to each Fund’s Governing Documents and the “Conflicts of Interest” section in this Brochure for additional information related to co-investment vehicles. NEA does not sponsor any wrap fee programs. NEA employees conduct investment advisory business activities from temporary locations as part of the Firm’s business continuity plan or work from home practice. As of December 31, 2023, NEA managed $25,912,724,688 in client assets on a discretionary basis. NEA does not manage client assets on a non-discretionary basis.