NEA Management Company, LLC (the “Adviser”) is a Delaware limited liability company
and a registered investment adviser. The Adviser, together with its advisory affiliates (where
the context permits, including the general partners of the Funds (each a “General Partner”
and collectively, the “General Partners” and, together with the Adviser and its affiliated
entities, “NEA”)), provides discretionary investment advisory services to pooled investment
vehicles, investment vehicles that generally co-invest with such entities and any future private
fund or investment vehicle that NEA may organize, including any successor fund or other
future funds to which NEA provides investment advisory services, which may include funds
formed for one investor (each a “Fund,” and collectively, the “Funds”), in each case, that are
exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”), and whose securities are not registered under the Securities Act of 1933, as amended
(the “Securities Act”). NEA was formed in 1977. NEA Management Company, LLC was
formed in 2006 and is controlled by its sole owner, NEA Manager TC, LLC, which is
controlled by its managing member, NEA Manager Holdings MF, LLC, which in turn is
controlled by its directors, Scott D. Sandell, Anthony A. Florence, Jr., and Mohamad
Makhzoumi.
NEA provides investment advisory services to Funds that primarily focus on early-stage and
venture growth equity investing. The Funds invest in a broad range of technology and
healthcare sectors across multiple stages and geographies. NEA’s discretionary investment
advisory services to the Funds consist of identifying and evaluating investment opportunities,
negotiating the terms of investments, managing and monitoring investments and disposing of
such investments. Although investments are made predominantly in non-public companies,
certain Funds will, from time to time, make investments in public companies, Crypto Assets
(as defined below), and other investment funds or similar entities sponsored by third-party
managers to the extent consistent with
the respective Fund’s investment strategy and objectives
and its Governing Documents (as defined below).
NEA’s advisory services to each Fund are detailed in the relevant limited partnership
agreement, individual manager letter agreement, the private placement memorandum, and/or
other analogous organizational documents of the Funds (collectively the “Governing
Documents”) and are further described below under “Methods of Analysis, Investment
Strategies and Risk of Loss.” Investors in the Funds are referred to in this Brochure as
“investors” or “limited partners.” Investors and prospective investors in each Fund should refer
to the Governing Documents of the respective Fund for information on the investment
objectives and investment restrictions with respect to such Fund. There is no assurance that
any of the Funds’ investment objectives will be achieved. The Funds or the General Partners
have entered into side letters or other similar agreements (“Side Letters”) with certain
investors that have the effect of establishing rights under, or altering or supplementing certain
terms of, the Governing Documents with respect to such investors, and such rights are not
made available to investors generally. Except as required by regulation, such Side Letters
generally are disclosed only to investors in the applicable Fund that have separately negotiated
with NEA for the right to review such Side Letters.
NEA also forms co-investment vehicles or other entities to co-invest with or alongside certain
other Funds in one or more portfolio companies. Please refer to each Fund’s Governing
Documents and the “Conflicts of Interest” section in this Brochure for additional information
related to co-investment vehicles.
NEA does not sponsor any wrap fee programs.
NEA employees conduct investment advisory business activities from temporary locations as
part of the Firm’s business continuity plan or work from home practice.
As of December 31, 2023, NEA managed $25,912,724,688 in client assets on a discretionary
basis. NEA does not manage client assets on a non-discretionary basis.