# New Leaf Venture Partners

> New Leaf Venture Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 163897
- Filed as: NEW LEAF VENTURE PARTNERS
- Legal name: New Leaf Venture Partners LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/163897
- AdvisorCensus page: https://advisorcensus.com/firm/new-leaf-venture-partners-new-york-ny-163897

## Quick answers

**How is New Leaf Venture Partners compensated?**
On its Form ADV (Item 5.E, October 2026), New Leaf Venture Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is New Leaf Venture Partners located?**
New Leaf Venture Partners' principal office is in New York, NY, according to its Form ADV.

**Is New Leaf Venture Partners registered with the SEC or a state?**
New Leaf Venture Partners is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 163897.

**How much does New Leaf Venture Partners manage?**
New Leaf Venture Partners reports $408,413,605 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have New Leaf Venture Partners' assets and staff changed since 2021?**
In the Form ADV data for New Leaf Venture Partners: Regulatory assets under management: $827,535,743 in the October 2021 data and $408,413,605 in the October 2026 data, down 51%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does New Leaf Venture Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does New Leaf Venture 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/163897

**What changed in New Leaf Venture Partners' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $465,074,503 to $408,413,605 (-12%).

## 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: $408,413,605
- Discretionary: $408,413,605
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $408,413,605 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nlvpartners.com
- LinkedIn @NEW-LEAF-VENTURE-PARTNERS
- X @NLVPARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $827,535,743 | 5 | March 25, 2021 |
| October 2022 | $745,506,112 | 4 | July 25, 2022 |
| October 2023 | $605,472,129 | 5 | March 31, 2023 |
| October 2024 | $580,046,171 | 5 | March 28, 2024 |
| October 2025 | $465,074,503 | 4 | March 31, 2025 |
| October 2026 | $408,413,605 | 4 | March 30, 2026 |

Regulatory assets under management: $827,535,743 in the October 2021 data and $408,413,605 in the October 2026 data, down 51%.
Total employees: 5 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $465,074,503 to $408,413,605 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. New Leaf Venture Partners (CRD 163897): Form ADV filing data as of October 2026.