Overview
4.A Advisory Firm Description
New Summit Investments, LLC (“New Summit”) commenced operations in April of 2016. New
Summit is a limited liability company formed under the laws of Delaware. New Summit’s principal
owners are Alex Lamb, Natasha Lamb, and Farnum Brown.
4.B Types of Advisory Services
New Summit currently provides investment advisory services on a discretionary basis to private
pooled investment vehicles (collectively, the “Funds” or “Clients” and each, a “Fund” or “Client”).
References throughout this brochure to “a Fund” or “Funds” are generally intended to cover any
existing or future private fund advised or sponsored by New Summit or its affiliates.
4.C Client Investment Objectives/Restrictions
Investments in the Funds are managed in accordance with the applicable Fund’s strategy and
guidelines set forth in the relevant Fund documents and are not tailored based upon the particular
interests of an investor. Accordingly, investors must consider whether the Fund meets their
investment objectives and tolerance prior to investing. Investors
may not impose restrictions on
investments, and therefore, should consider whether an investment in a Fund managed by New
Summit meets their investment objectives and risk tolerance prior to investing. Information about
the Funds, including any relevant restrictions, can be found in the Fund offering documents, which
are only provided to qualified current and prospective investors through New Summit or another
authorized party.
4.D Wrap Fee Programs
New Summit does not participate in, nor is it a sponsor of, any wrap fee programs.
4.E Assets Under Management
As of September 30, 2023, New Summit managed $121,942,042 in regulatory assets under
management, which are managed on a discretionary basis, in the following Funds: Private Market
Impact Fund I, LP, New Summit Impact Fund II-A, LP, New Summit Impact Fund II-B, LP, New
Summit Impact Fund III-A, LP, and New Summit Impact Fund III-B, LP. For the Income and
Impact Fund, the assets are as of December 31, 2023 and totaled $18,547,623. New Summit does
not manage any client assets on a non-discretionary basis.