# NUMA

NUMA is a RIA based in Miami, Italy.

## Overview

- **Organization type:** RIA
- **Headquarters:** Miami, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** numa.it
- **LinkedIn:** https://www.linkedin.com/company/numa

## Regulatory record

- **CRD number:** 164602
- **SEC file number:** 801-76990
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/164602

## About

NUMA is an SEC-registered investment adviser in Miami, FL, registered since 2012. The firm manages $193 million in assets, with $117 million on a discretionary basis. It has 10 employees and 1 investment adviser.

## Sectors

- Luxury
- Real Estate
- Private Credit
- Venture Capital
- Secondaries & Special Situations

## People

- Nicola Bulgari — Principal

## Questions

### Who runs investment decisions at NUMA?

Nicola Bulgari, the former vice-chairman of the Bulgari luxury house, is the principal and ultimate decision-maker. He is supported by a compact internal team in Milan. The office does not publicly identify a separate CIO or managing director.

### Which sectors does NUMA favor?

Luxury and high-end consumer brands form the core, reflecting the Bulgari legacy. The office also allocates meaningfully to prime real estate, private credit, venture capital, and special situations. Investments are concentrated in Italy and gateway European cities, with opportunistic exposure to North American and Asian assets.

### Is NUMA open to co-investments or outside partners?

NUMA maintains a private network posture. It does not market for external co-investors, but it selectively co-invests alongside family offices and private investors who can contribute strategic value in luxury, design, or real estate. All primary relationships are managed by the principal.

## Related profiles

- [NovoRich](https://altss.com/profile/novorich)
- [Oct Capital](https://altss.com/profile/oct-capital)

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Last updated: 2026-07-06T01:24:22.248Z

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