Private fund adviser · SAN Francisco, CA
New Forests Inc.
SEC-registered investment adviser · CRD 165267 · SEC 801-114546
At a glance
New Forests Inc. is an SEC-registered investment adviser based in SAN Francisco, California, with $982 million in regulatory assets under management as of its Form ADV filed September 22, 2025. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,324th of 4,686 private fund advisers and 5,440th of 17,210 SEC-registered advisers by assets.
- Regulatory AUM
- $982M
- Rank among private fund advisers
- #2,324 of 4,686
- Rank among all SEC RIAs
- #5,440 of 17,210
- Rank in California
- #630 of 1,873
- Clients
- 4
- Accounts
- 4
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 13
- Offices
- 1
Custody and brokerage
Custodian
New Forests Inc.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 4 | $982M | 100% |
Private funds
New Forests Inc. reports 4 private funds with $658M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
New Forests Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗
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The full record on New Forests Inc.
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- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
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- Rank against 2,177 peers of its type and size
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- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does New Forests Inc. manage?
New Forests Inc. reports $982 million in regulatory assets under management across 4 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 22, 2025.
What kind of firm is New Forests Inc.?
New Forests Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are New Forests Inc.’s clients?
By assets, its largest client types are pooled investment vehicles ($982 million, 4 clients).
Does New Forests Inc. manage private funds?
Yes. It reports 4 private funds with $658 million in gross assets, including private equity funds, real estate funds.
Does New Forests Inc. have any disciplinary history?
New Forests Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is New Forests Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing, which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →