# New Capital Partners

> New Capital Partners is an SEC-registered investment advisory firm in Birmingham, AL, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160075
- Filed as: NEW CAPITAL PARTNERS
- Legal name: NCP Management Holdings, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Birmingham, AL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160075
- AdvisorCensus page: https://advisorcensus.com/firm/new-capital-partners-birmingham-al-160075

## Quick answers

**How is New Capital Partners compensated?**
On its Form ADV (Item 5.E, October 2026), New Capital Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is New Capital Partners located?**
New Capital Partners' principal office is in Birmingham, AL, according to its Form ADV.

**Is New Capital Partners registered with the SEC or a state?**
New Capital Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160075.

**How much does New Capital Partners manage?**
New Capital Partners reports $232,569,242 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have New Capital Partners' assets and staff changed since 2021?**
In the Form ADV data for New Capital Partners: Regulatory assets under management: $379,497,674 in the October 2021 data and $232,569,242 in the October 2026 data, down 39%. Total employees: 17 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does New Capital Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does New Capital Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160075

**What changed in New Capital Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 6. Regulatory assets under management went from $614,802,213 to $232,569,242 (-62%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $232,569,242
- Discretionary: $232,569,242
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $232,569,242 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- newcapitalpartners.com
- Instagram @newcapitalpartners
- LinkedIn @NEW-CAPITAL-PARTNERS
- X @NewCapPartners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $379,497,674 | 17 | March 30, 2021 |
| October 2022 | $490,206,895 | 18 | March 25, 2022 |
| October 2023 | $385,625,586 | 14 | March 29, 2023 |
| October 2024 | $355,307,546 | 11 | March 29, 2024 |
| October 2025 | $614,802,213 | 11 | March 31, 2025 |
| October 2026 | $232,569,242 | 8 | March 31, 2026 |

Regulatory assets under management: $379,497,674 in the October 2021 data and $232,569,242 in the October 2026 data, down 39%.
Total employees: 17 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 6.
- Regulatory assets under management went from $614,802,213 to $232,569,242 (-62%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. New Capital Partners (CRD 160075): Form ADV filing data as of October 2026.