NEW EDGE WEALTH

Adam C. Hubble serves as Chief Investment Officer, overseeing asset allocation, manager selection, and product development across the firm's advisory and asset management vehicles. Robert J. Riedl, a founding managing partner, and Alexander O. Mears, CEO, also sit on the investment committee, per the firm's SEC filings in 2025. The committee structure integrates the firm's discretionary advisory platform with its affiliated interval fund and business development company.

NewEdge Wealth is the registered investment advisory entity within NewEdge Capital Group, the parent holding company. The group also includes NewEdge Advisors, an independent advisor network, and NewEdge Securities, a broker-dealer. NewEdge Capital Group reported over $50 billion in combined client assets as of late 2024 (per Citywire, November 2024).

The firm uses both approaches. It commits to external private credit and venture capital managers through feeder structures, makes direct co-investments alongside GPs, and operates its own proprietary vehicles — including the NewEdge Wealth Interval Fund and NewEdge Capital, a business development company. The interval fund structure gives clients periodic liquidity while holding illiquid alternative assets.

In private credit, NewEdge targets middle-market direct lending — the core mandate of its business development company. Venture capital exposure typically comes through fund commitments to established managers rather than direct early-stage investing. The firm also makes direct real estate investments, with a preference for income-producing properties, and energy investments focused on producing oil and gas royalties.

NewEdge is neither a single family office nor a pure multi-family office — it is a hybrid registered investment advisor and asset manager. The firm started as a multi-family office for ultra-high-net-worth clients but built in-house alternative-investment vehicles that capture product fees in addition to advisory fees. This structure more closely resembles vertically integrated wealth platforms like ICONIQ or Blue Owl's Dyal platform than a traditional family office.

Proprietary deal flow originates primarily through the firm's relationships with independent sponsors and regional operators — particularly in middle-market lending and oil and gas royalties. The business development company structure provides a permanent-capital vehicle that can move faster than traditional drawdown funds, and the firm's advisor network across the Northeast and Florida surfaces direct investment opportunities from local family-business owners.

NewEdge's advisory platform provides philanthropic planning and donor-advised fund implementation for its ultra-high-net-worth clients, but the firm does not operate a standalone philanthropic foundation. Philanthropic advisory services are fully separated from the asset management vehicles, with dedicated advisory teams managing grant-making strategies alongside tax and estate planning. No client charitable assets are commingled with the interval fund or BDC.