Private fund adviser · Highland Park, IL
New Vernon Investment Management LLC
SEC-registered investment adviser · CRD 160247 · SEC 801-73602
At a glance
New Vernon Investment Management LLC is an SEC-registered investment adviser based in Highland Park, Illinois, with $116 million in regulatory assets under management as of its Form ADV filed April 27, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 4,430th of 4,686 private fund advisers and 14,911th of 17,210 SEC-registered advisers by assets.
Main office 847-926-5700As filed on Form ADV
- Regulatory AUM
- $116M
- Rank among private fund advisers
- #4,430 of 4,686
- Rank among all SEC RIAs
- #14,911 of 17,210
- Rank in Illinois
- #634 of 684
- Clients
- 13
- Accounts
- 11
- Discretionary
- 100% of AUM
- Employees
- 8
- Advisory staff
- 4
- Offices
- 1
Owners and executives on its Form ADV
- Daniel M. ShapiroMember
- Steven A. ShapiroManaging Member
- Gary A. JustChief Compliance Officer, Chief Financial Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
New Vernon Investment Management LLC is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: SF Investments, Inc..
- SF Investments, Inc. ↗CRD 6564
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 10 | $113M | 98% |
| Corporations or other businesses | 1 | $2M | 2% |
| Other investment advisers | 2 | $0M | 0% |
Private funds
New Vernon Investment Management LLC reports 2 private funds with $113M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
New Vernon Investment Management LLC 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
- Security ratings or pricing
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on New Vernon Investment Management LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
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- Rank against 1,176 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does New Vernon Investment Management LLC manage?
New Vernon Investment Management LLC reports $116 million in regulatory assets under management across 11 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 27, 2026.
What kind of firm is New Vernon Investment Management LLC?
New Vernon Investment Management LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are New Vernon Investment Management LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($113 million, 10 clients); corporations or other businesses ($2 million, 1 clients); other investment advisers ($0, 2 clients).
Does New Vernon Investment Management LLC manage private funds?
Yes. It reports 2 private funds with $113 million in gross assets, including hedge funds.
Does New Vernon Investment Management LLC have any disciplinary history?
New Vernon Investment Management LLC 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 Vernon Investment Management LLC’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 (2026-04-27), 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 →