New Vernon Advisers LP (the “Registrant”), a Delaware limited partnership, is located in Morristown, NJ. It was founded in 2004 by, among others, principal owner and Chief Executive Officer Arshad Zakaria. The Registrant’s general partner, New Vernon Advisers LLC, a Delaware limited liability company, is wholly owned by New Vernon Capital Holdings II, LLC (“NVCH II”), a Delaware limited liability company. Through his interest in NVCH II, Mr. Zakaria beneficially owns in excess of 25% of the Registrant. No other person holds 25% or more of the Registrant. The Registrant advises on a discretionary basis five pooled investment vehicles. Three of the pooled investment vehicles are Cayman Islands limited partnerships serving as the master fund in a master-feeder structure; they are:
• NVH I LP (the “India Fund”), which employs a multi-asset class strategy, primarily invests in: (i) public equities in companies located in the Republic of India (“India”), (ii) debt in Indian companies, and (iii) private companies and real estate (generally defined together with certain other illiquid investments as “Designated Investments”) in India. To a lesser degree, India Fund also, on occasion, invests in certain other established and emerging markets throughout Asia (each, an “Approved Nation”). Investors in the India Fund elect on an annual basis whether to participate in Designated Investments in the coming year. The India Fund is not currently actively soliciting new investors; however it may continue to accept new investments.
• NVH DI LP (the “DI Fund”), which co-invests with India Fund in Designated Investments, primarily invests in India. To a lesser degree, NVH DI LP also, on occasion, invests in Approved Nations. The DI Fund is no longer offering interests to new investors.
• New Vernon Financial Sector Fund (the “FinSec Fund”), which provides investors with exposure to companies that are either presently in the financial sector in India or that have, in the Registrant’s view, the potential to derive substantial revenue from goods or services closely connected to India’s financial sector. The fourth pooled investment vehicle is a Cayman Islands exempted corporation; it is:
• New Vernon Mauritius (“NVM”) - Class F Shares (the “Select Fund”), which provides investors with exposure to the performance of a small number of select small- and mid- cap public companies traded on the Indian stock exchanges. Exposure for the Select Fund is currently through a fund of funds investment with an investment fund sponsored by an Indian bank, though the Registrant has in the past and may in the future seek exposure directly

in Indian companies. NVM is not currently actively soliciting new investors, however it may continue to accept new investments. The fifth pooled investment vehicle is a Delaware limited partnership; it is:
• New Vernon Matrix Fund (“Matrix Fund”), a global tactical asset allocation fund using primarily equity, fixed income, commodities, and volatility exchange-traded funds to provide investors exposure to geographically diversified markets across a range of asset classes. The Registrant also offers separately managed accounts (“SMAs”) to individual investors (the “Select Strategy Clients”) on a non-discretionary basis pursuant to which the Registrant provides investors with exposure to the performance of a small number of select small- and mid-cap public companies traded on the Indian stock exchanges. Exposure for the Select Strategy Clients is currently through NVM – Class A Shares (“Select Strategy”). Collectively, Select Fund and Select Strategy investors are referred to in this Brochure as “Select Fund/Strategy Participants.” In addition to the Select Strategy Clients, the Registrant also provides investment advice to individual clients (or investment vehicles, such as trusts, that are closely associated with individuals (“Portfolio Clients”)) on both a discretionary and non-discretionary basis. On a non- discretionary basis, the Registrant provides advice related to markets generally, portfolio allocation, trust administration, and similar matters. On a discretionary basis, the Registrant provides investment management services with respect to assets and/or accounts identified by Portfolio Clients; such services cover a range of asset classes and do not have a specific geographic focus. Some Portfolio Clients to whom the Registrant provides non-discretionary advice are also clients of New Vernon Wealth Management LLC (“NVWM”), an affiliate of the Registrant (see Item 10). The India Fund, DI Fund, FinSec Fund, Select Fund, and Matrix Fund are referred to in this Brochure as the “Funds” or “Fund Clients”; the Select Strategy Clients and Portfolio Clients are referred to as “Individual Clients”; and the Funds and Individual Clients are referred to in this Brochure as the “Clients.” The Registrant tailors its advisory services to its Clients consistent with the investment program described in the Fund Clients’ private placement memorandum or Individual Clients’ management agreements. As of December 31, 2023, the Registrant managed approximately $861,176,074 of regulatory assets under management on a discretionary basis and $1,151,713 of regulatory assets under management on a non-discretionary basis.