New Energy Capital Partners LLC (Hanover)

Name: New Energy Capital Partners LLC
Address: 53 South Main Street, Third Floor, Hanover, NH, 03755
Telephone: 603-643-8885

New Energy Capital Partners LLC is a large advisory firm based in Hanover. It manages $951.3 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Colorado, Massachusetts, and New Hampshire.

New Energy Capital Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New Energy Capital Partners: assets under management

The assets under management (AUM) of New Energy Capital Partners LLC is $951.3 million. The firm's AUM has grown by 851% since the beginning of its operation, and $127.9 million of the total AUM is attributable to clients outside of the United States.

The firm manages $943.2 million in discretionary accounts and $8.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.1 million.

New Energy Capital Partners has custody of $237.4 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Energy Capital Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New Energy Capital Partners serves?

The only and largest group of clients of New Energy Capital Partners is pooled investment vehicles with 8 clients and $951.3 million of assets under management. Among the 10 most similar advisory firms, New Energy Capital Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $951.3 million for 8 clients. 25% of the firm’s clients are foreign persons or businesses.

New Energy Capital Partners also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at New Energy Capital Partners LLC

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Patrick Michael Fox joined the executive team most recently as the Managing Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Sinclair Brown	Chief executive officer	1 Jul 2010	75% - 100%	xxx-xx-xxxx
M Curtis Whittaker	Managing partner	1 Jul 2010	Other	6928358
Adam Lee Bernstein	Managing partner	1 Apr 2011	Other	2756885
Thomas W Naughton	Chief financial officer and director of investor relations	1 Sep 2016	Other	6049451
Thomas W Naughton	Chief compliance officer	1 Oct 2016	Other	6049451
Patrick Michael Fox	Managing partner	1 Jan 2017	Other	5173227

Based in Hanover

The principal office where New Energy Capital Partners LLC performs its advisory services is located at 53 South Main Street, Third Floor, Hanover, NH 03755, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-643-8885 or by fax 603-653-7524. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at newenergycapital.com.