# New Enterprise Associates

> New Enterprise Associates is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.

- CRD: 161004
- Filed as: NEW ENTERPRISE ASSOCIATES
- Legal name: NEA Management Company, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161004
- AdvisorCensus page: https://advisorcensus.com/firm/new-enterprise-associates-menlo-park-ca-161004

## Quick answers

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

**Where is New Enterprise Associates located?**
New Enterprise Associates' principal office is in Menlo Park, CA, according to its Form ADV; the September 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is New Enterprise Associates registered with the SEC or a state?**
New Enterprise Associates is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 161004.

**How much does New Enterprise Associates manage?**
New Enterprise Associates reports $35,582,968,154 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (100% discretionary).

**How have New Enterprise Associates' assets and staff changed since 2021?**
In the Form ADV data for New Enterprise Associates: Regulatory assets under management: $25,911,756,571 in the October 2023 data and $35,582,968,154 in the October 2026 data, up 37%. Total employees: 132 in October 2023 and 113 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does New Enterprise Associates serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (27).

**Does New Enterprise Associates 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/161004

**What changed in New Enterprise Associates' recent Form ADV filings?**
In the September 2026 filing data: 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

### Regulatory assets under management (Item 5.F)
- Total: $35,582,968,154
- Discretionary: $35,582,968,154
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 27 | $35,582,968,154 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 113 total, 51 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MD, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- London
- New York, NY
- Palm Beach, FL
- San Francisco, CA
- Timonium, MD

### Websites listed on Form ADV (Item 1.I)
- journeywithnea.beehiiv.com
- lu.ma/user/NEA
- nea.com
- Facebook @NEAvc
- Instagram @neavc
- LinkedIn @new-enterprise-associates
- X @NEA
- YouTube @neavc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 29, 2021 |
| October 2022 | Not reported | Not reported | March 31, 2022 |
| October 2023 | $25,911,756,571 | 132 | March 30, 2023 |
| October 2024 | $25,912,724,688 | 126 | April 25, 2024 |
| October 2025 | $27,827,259,258 | 112 | March 28, 2025 |
| October 2026 | $35,582,968,154 | 113 | August 26, 2026 |

Regulatory assets under management: $25,911,756,571 in the October 2023 data and $35,582,968,154 in the October 2026 data, up 37%.
Total employees: 132 in October 2023 and 113 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 53 to 51.
- Regulatory assets under management went from $27,827,259,258 to $35,582,968,154 (+28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. New Enterprise Associates (CRD 161004): Form ADV filing data as of October 2026.