Overview
This Brochure has been prepared to describe advisory services the Firm provides to its clients as
well as the fees, compensation, materials risks of its investment strategy and other matters with
respect to such advisory services.
Operational and Organizational Information
NIV is an investment adviser organized as a Delaware limited liability company that was founded
in 2020. The principal owners of NIV are Travis Scher, Glenn Hutchins, and James Hutchins.
Types of Advisory Services Offered
NIV provides investment management services to private pooled investment vehicles (each, a
“Fund”), on a discretionary basis, focusing on early- stage, technology-related companies, including
those in the blockchain, cryptocurrency, enterprise software, and fintech sectors, and on
cryptocurrencies and other similar digital assets (“Digital Assets”).
Client Investment Guidelines and Parameters
Each Fund will have its
own investment objectives, strategies and restrictions. The Firm prepares
governing documents with respect to a Fund that contains more detailed information, including a
description of the investment objectives and strategy or strategies employed and related restrictions.
The governing documents include but are not limited to offering memorandums, investment
management agreements or sub-advisory agreements (the “Governing Documents”).
Current and prospective investors must consider whether a particular private fund or advisory
relationship is appropriate to their own circumstances based on all relevant factors including, but
not limited to, the investor’s own objective, liquidity requirements, tax situation and risk tolerance.
Assets Under Management
The value of Regulatory Assets Under Management of the Funds managed by NIV as of December
31, 2023, is $400,912,501, all of which is managed on a discretionary basis.