# Novawave Capital

> Novawave Capital is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 333205
- Filed as: NOVAWAVE CAPITAL
- Legal name: Novawave Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333205
- AdvisorCensus page: https://advisorcensus.com/firm/novawave-capital-menlo-park-ca-333205

## Quick answers

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

**Where is Novawave Capital located?**
Novawave Capital's principal office is in Menlo Park, CA, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Novawave Capital registered with the SEC or a state?**
Novawave Capital is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 333205.

**How much does Novawave Capital manage?**
Novawave Capital reports $90,000,000 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (89% discretionary).

**How have Novawave Capital's assets and staff changed since 2025?**
In the Form ADV data for Novawave Capital: Regulatory assets under management: $90,000,000 in the October 2025 data and $90,000,000 in the October 2026 data, unchanged. Total employees: 6 in October 2025 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Novawave Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Novawave Capital 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/333205

**Does Novawave Capital state an account minimum?**
Its Form ADV Part 2A brochure dated April 1, 2026 says: "Subject to the discretion of NovaWave Capital to accept less, the minimum investment threshold is $ 5 million."

**What changed in Novawave Capital's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 5 to 3. 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

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Subject to the discretion of NovaWave Capital to accept less, the minimum investment threshold is $ 5 million.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $90,000,000
- Discretionary: $80,000,000
- Non-discretionary: $10,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $80,000,000 |
| Charitable organizations | Fewer than 5 | $10,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2025 (1 year)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- novawavecapital.com
- LinkedIn @novawavecap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $90,000,000 | 6 | May 20, 2025 |
| October 2026 | $90,000,000 | 4 | April 1, 2026 |

Regulatory assets under management: $90,000,000 in the October 2025 data and $90,000,000 in the October 2026 data, unchanged.
Total employees: 6 in October 2025 and 4 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 5 to 3.
- Updated its list of owners and control persons (Schedule A).

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

### December 2025
- Employees performing advisory functions went from 6 to 5.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Novawave Capital (CRD 333205): Form ADV filing data as of October 2026.