Overview
Description of Northern Lights Capital Group and Principal Owners
Northern Lights Capital Group, LLC (“Northern Lights”) is a limited liability company
formed in October 2006, and is a wholly owned subsidiary of Northern Lights Midco, LLC
(“Midco”), a wholly owned US subsidiary of an Australian private equity fund organized as
a trust, Aurora Trust. The sole equity unitholder of Aurora Trust is Pacific Current Group
Limited (“PAC”), an Australian publicly traded company, which holds 100% of Aurora
Trust’s ordinary shares. No other investor holds more than 25% of the total economic interests
of Aurora Trust. Because Aurora Trust is not a separate legal person under Australian law,
the assets of Aurora Trust are held in the name of its trustee, Aurora Investment Management
Pty. Ltd. (“Trustee”), which currently holds such assets in trust for its unitholders and
exercises management discretion. Trustee is a wholly owned subsidiary of PAC.
Northern Lights has been a registered investment adviser with the U.S. Securities and
Exchange Commission (SEC) since June 2011.
Investment Management Services to Pooled Investment Vehicles
Northern Lights provides investment
advice on behalf of Aurora Trust to the Executive
Committee and the Board of Trustee in the form of:
• Continuous management and supervision of the investments made by Aurora Trust
in its portfolio companies;
• Research on investment managers for potential investment by Aurora Trust;
• Due diligence on investment managers for investment by Aurora Trust;
• Structuring and negotiating investments by Aurora Trust in portfolio companies;
and
• Consulting services to Aurora Trust portfolio companies to enhance the success of
the portfolio companies, and therefore the return to Aurora Trust investors.
Northern Lights manages Aurora Trust’s assets on a non-discretionary basis.
NLCG Distributors, LLC (“Distributors”), which conducts business under the name Pacific
Current Group, may also provide sales and marketing services to Aurora Trust portfolio
companies. Distributors is a wholly owned subsidiary of Northern Lights. Distributors does
not sell or market the Aurora Trust.
Assets Under Management
As of June 30, 2022, Northern Lights had approximately $418,170,704 in assets under
management, all of which was non-discretionary.