Newfoundland is a Delaware limited liability company that provides discretionary investment
management services to pooled investment vehicles and separately managed accounts.
Newfoundland is owned and controlled by Jonathan M. Rosenthal. As of December 31, 2023,
Newfoundland had $173,404,079 in discretionary regulatory assets under management.
Newfoundland provides discretionary investment advice to the following private investment funds
(collectively, the “Funds”):
1. Newfoundland Terranova Fund, a Cayman Islands exempted company (the “Master
Fund”);
2. Newfoundland Terranova Offshore Fund, a Cayman Islands exempted company (the
“Feeder Fund”), which invests solely in the Master Fund;
3. Newfoundland Select Long Only Latam Fund - a series of the
Newfoundland Select Funds, LLC, a Delaware limited liability company (the “Long
Only Fund”);
4. Newfoundland Credit Opportunities T, LP, a limited partnership investing in private
credit (the “Credit T Fund”); and
5. Newfoundland Private Credit Opportunities Fund I, LP, a limited partnership investing
in private credit (the “Credit Opportunities Fund”).
In addition, Newfoundland provides discretionary investment advisory services to institutional
separately managed accounts (“SMAs” and, together
with the Funds, “Clients”).
In providing services to Clients, among other things, Newfoundland (1) manages the Clients’ assets
in accordance with the terms of the applicable Funds’ Private Offering Memorandum and Articles
of Incorporation or Operating Agreement (collectively, the Fund “Governing Documents”) or the
SMA’s investment advisory agreement; (2) directs and manages the investment and reinvestment of
Clients’ assets; and (3) provides periodic reports to the SMAs and Fund investors. With respect to
the Funds, Newfoundland provides investment advice directly to the Funds and not individually to
the Funds’ members or shareholders (“Investors”). Investment restrictions for the Funds, if any, are
established in the applicable Funds’ Governing Documents.
Newfoundland, on behalf of the Funds, has entered into “side letters” with several Investors
whereby certain of the terms applicable to such Investors, including fee and redemption terms, may
vary. Newfoundland may also agree to provide a greater level of disclosure regarding events
affecting the Company to certain Investors. Nevertheless, Newfoundland may not enter into any
side letter that would violate applicable laws, rules, and regulations or that would not be in the best
interests of the Fund.