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Adviser Profile

As of Date 03/14/2024
Adviser Type - Large advisory firm
Number of Employees 33 -8.33%
of those in investment advisory functions 20 -13.04%
Registration SEC, Approved, 8/10/2018
AUM* 2,607,488,782 -24.81%
of that, discretionary 2,607,488,782 -24.81%
Private Fund GAV* 2,607,488,782 -24.81%
Avg Account Size 1,303,744,391 -24.81%
SMA’s No
Private Funds 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 2B 2B 825M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$1,742,995,917
Fund TypeOther Private Fund Count1 GAV$864,492,865

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Brochure Summary

Overview

The Adviser, a Delaware limited partnership, provides investment advisory services to investment vehicles and funds privately offered to qualified investors in the United States and elsewhere. The Adviser was formed in March 2018 and commenced operations in October 2018. The Adviser is principally owned by David Wassong and Ravi Yadav (together, the “Principals”). Unless the context otherwise requires, references in this Brochure to the Adviser or the Firm include both Newlight Partners LP, and any future investment advisers and fund general partner entities with which it is affiliated. The Adviser's clients are private investment funds (each, a “Fund” and together with any other related investment vehicles and future private investment funds to which the Adviser provides investment advisory services, the “Funds”). The general partner of each Fund (each, a “General Partner,” and collectively, together with any future affiliated general partner entities, the “General Partners”) is subject to the Advisers Act pursuant to the Adviser’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Adviser. The Adviser's investment advisory services to the Funds are detailed in the relevant Fund's management agreement, partnership agreement and/or other governing or offering documents (collectively, the “Governing Documents”) and generally consist of some or all of the following: identifying and evaluating investment opportunities, negotiating
the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Where the Funds invest in operating entities (“portfolio companies”), the Principals or other personnel of the Adviser or its affiliates generally serve on such portfolio companies' respective boards of directors or otherwise act to influence management of portfolio companies in which the Funds have invested. The Adviser's advisory services to the Funds are further described below under Item 8 “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but may be excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Governing Documents. The Funds or their affiliates generally expect to enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing different or preferential rights or terms, including but not limited to different fee structures, information rights, co-investment rights, and liquidity or transfer rights under, or otherwise altering or supplementing the terms of, the relevant Governing Documents with respect to such investors. As described further in Item 8, the Adviser expects to provide co-investment opportunities to certain current or prospective Fund investors or other parties. As of December 31, 2023, the Adviser managed client assets of $3,467,980,636.