New Water Capital, L.P. (Boca Raton)

Name: New Water Capital, L.P.
Address: 2424 N. Federal Highway, Suite 418, Boca Raton, FL, 33431
Telephone: (561) 235-7310

New Water Capital, L.P. is a large advisory firm based in Boca Raton. It manages $466.04 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

New Water Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New Water Capital: assets under management

The assets under management (AUM) of New Water Capital, L.P. is $466.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $466.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.35 million each.

New Water Capital has custody of $416.45 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Water Capital, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New Water Capital serves?

The only and largest group of clients of New Water Capital is pooled investment vehicles with 3 clients and $466.04 million of assets under management. Among the 11 most similar advisory firms, New Water Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $466.04 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

New Water Capital also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $20,000,000.

Careers at New Water Capital, L.P.

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc New Water Capital Gp	General partner	1 May 2014	Other	47-1700619
Jason Howard Neimark	Managing partner	1 May 2014	25% - 50%	2696965
Mark Thomas Becker	Partner/chief compliance officer	1 May 2015	25% - 50%	6100408
George Brian Mcgee	Partner	1 May 2015	25% - 50%	2781208
John Joseph Disa	Partner	1 May 2015	25% - 50%	6491582

Based in Boca Raton

The principal office where New Water Capital, L.P. performs its advisory services is located at 2424 N. Federal Highway, Suite 418, Boca Raton, FL 33431, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (561) 235-7310 or by fax (561) 910-4052. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at newwatercap.com.