New Catalyst

New Catalyst is an SEC‑registered investment adviser that provides advisory services to private pooled vehicles and institutional limited partners, acting as investment adviser to Fund I and anticipating additional alternative investment vehicles; it manages approximately $336.9 million on a discretionary basis and does not tailor advisory services to individual limited partners. The Brochure notes the firm was founded in 2024 and describes its role in sourcing, negotiating, monitoring and disposing of predominantly private company investments on behalf of its Funds.

The firm targets minority, seed and growth investments in emerging private‑market asset managers (“NextGen GPs”) and related co‑sponsored or direct transactions, and it emphasizes an operationally intensive Value Creation platform focused on Business Building, Capital Formation, Talent and Operational Excellence. New Catalyst structures a range of economic interests (revenue shares, minority equity, preferred equity, loans), seeks to offer co‑investment opportunities, and allocates Value Creation resources and special consultants to support Partner Firms as described in the Brochure.

Distinctive features called out in the Brochure include a minority strategic investor that holds customary protection rights and advisory seats and a non‑voting seat on the firm’s investment committee, and an operating model that explicitly contemplates dedicated Special Consultants, a Value Creation team and use of AI technologies in its systems and reporting. The Brochure also discloses marketing practices that are uncommon for peers — the firm uses testimonials, endorsements and third‑party ratings in its public materials — and describes placement‑agent and consulting arrangements that may affect how fees, offsets and services are allocated across its Funds and portfolio investments.