Overview
NVIM is a Delaware limited liability company and is the surviving entity of a Delaware migratory merger,
effected on August 23, 2010, with Millennium Group, LLC, an Illinois limited liability company.
Millennium Group, LLC was founded in 1998 to provide trading and asset management services to U.S.
and foreign investors and clients. NVIM is managed by Steven Shapiro and is principally owned by NV
Capital Holdings II, LLC (“NVCH II”), a financial services holding company in which members of the
Shapiro family hold a non-controlling minority interest.
NVIM acts as a discretionary investment adviser to several private investment funds sponsored by NVIM
and its affiliates (the “NVIM Funds”). As of the date hereof, NVIM advises private investment funds,
grouped into 2 “master-feeder” structures (referred to herein as the “Global Opportunities Funds” and the
“Insurance Funds,” respectively) and 1 stand-alone fund (referred to herein as the
“Global Fixed Income
Fund”). NVIM has the flexibility to employ a broad array of investment strategies on behalf of the NVIM
Funds that NVIM determines are consistent with the NVIM Funds’ investment objectives. The specific
investment objectives and strategies utilized by the NVIM Funds vary between the different fund families,
as further described below. See “Methods of Analysis, Investment Strategies and Risk of Loss.”
In addition to advising the NVIM Funds, NVIM also offers discretionary advisory services to managed
accounts (the “Client Accounts”), which may be owned by private investment funds sponsored by third-
party advisers or other clients. The terms, nature and scope of such advisory services may be negotiated
by NVIM and the applicable client, based on the client’s specific financial and investment objectives, risks
and goals.
As of December 31, 2023, NVIM managed approximately $108,862,462 of client assets on a discretionary
basis.