Overview
New State Capital Partners LLC and New State Advisors LP are investment advisers sharing a
principal place of business located in New Rochelle, New York. New State Advisors LP is a relying
adviser to New State Capital Partners LLC, and both advisers share a unified compliance program,
advise only private funds, and conduct a single advisory business. References herein to “New
State,” the “Firm” or the “Adviser” refer to both New State Capital Partners LLC and New State
Advisors LP. New State has been conducting business since 2013. The Firm is privately held, and
its principal owner is David Blechman.
New State provides investment advisory services to multiple private equity funds (“Clients” or the
“Funds”).
New State tailors its advisory services to the needs of each Fund, in accordance with the applicable
investment objectives and the relevant prospectus, limited partnership agreement, offering
memorandum or other applicable documentation of each Fund (collectively, “Offering
Documents”), where applicable. Any restrictions on investments are set forth in the relevant
Offering Documents. New State does not tailor its investment advice to the individual investors
in each Fund that it manages. As such, investors cannot impose restrictions on the types of
investments made through the Funds.
As of December 31, 2023, New State managed approximately $1,214,929,920 in client assets on
a discretionary basis.