New Legacy Group, LLC is a Delaware limited liability company that was formed and
commenced operations in 2011. The founders and principal owners of New Legacy Group are
Joseph Weilgus, Chief Executive Officer and Adam Geiger, President and Chief Investment
Officer. As of December 31, 2023, New Legacy Group, LLC, together with its relying adviser
entities, (“New Legacy Group”) had approximately $433,734,000 of discretionary and
$10,859,000 of non-discretionary regulatory assets under management.
New Legacy Group divides its investment advisory business into three distinct categories:
1. Hedge Fund Selection
New Legacy Group provides investment advisory services to pooled investment vehicles
(each a “Private Fund” and, collectively the “Funds”). We also engage in investment
consulting services and/or advisory relationships with certain ultra-high net worth families
and institutions with significant capital in hedge fund investments and/or with the potential to
allocate significant capital to alternative investments. Such services may include ongoing due
diligence and monitoring of underlying managers in current portfolios, qualitative and
quantitative research on asset allocation, potential underlying managers and recommending
portfolio changes when appropriate. The scope, style and execution of each advisory client
mandate is governed by its underlying investment management or investment advisory
agreement.
2. Direct Investments
New Legacy Group provides investment advisory services to various special purpose vehicles
(each an “SPV”). In this capacity, we source, research, engage in due diligence and negotiate
terms on a wide range of direct, private investments, including buy-outs, angel or venture-
stage equity, asset backed lending, growth equity, hard assets and real estate. Syno Capital,
LLC (“Syno”) is one of New Legacy Group, LLC’s relying advisors that is also involved in
this direct investments line of business. Syno’s principal owners are Joseph Weilgus and
Justin Xiang. As noted throughout this Brochure, certain Syno-managed pooled investment
vehicles (“Syno Ventures Funds”) have terms or strategies that may differ from other New
Legacy Group Funds or SPVs.
3. Wealth Management Services for Family Offices
New Legacy Group provides investment advisory services to a number of families of
significant wealth directly, as well as through its affiliate and relying adviser, New Legacy
Generation, LLC. In this capacity, we offer a wide range of services, including asset
allocation, security selection, liquidity management, risk management, outside manager due
diligence, selection and monitoring and related investment management services, on either a
fully discretionary or non- discretionary basis. The scope, style and execution of each family
office advisory mandate (including any applicable restrictions) is governed by its underlying
investment management or investment advisory agreement. These services shall be referred
to herein generally as “Family Office Services”.
New Legacy Group, in the regular course of business, forms entities to serve as the manager of
the investment vehicles it launches. These entities are each considered a “relying advisor” of New
Legacy Group and are thus listed on our Form ADV Part 1, Schedule R.
Investors and prospective investors in any New Legacy Group fund or SPV should refer to the
confidential private placement memorandum, limited partnership agreement, LLC operating
agreement and other governing documents for the relevant vehicle for more complete information
on the investment objectives and investment restrictions with respect to such entity. There is no
assurance that any of such vehicle’s investment objectives will be achieved.
Neither New Legacy Group nor its affiliates currently participate in or sponsor a Wrap Fee
Program.