{"url":"https://nivawealth.com/firms/newmile-capital-333726","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/333726","regulatoryAum":293555713,"crd":"333726","history":[{"filedOn":"2025-05-09","regulatoryAum":198905778,"clients":10,"employees":5,"offices":1},{"filedOn":"2026-06-12","regulatoryAum":293555713,"clients":10,"employees":5,"offices":1}],"secFileNumber":"801-131794","legalName":"Newmile Capital LLC","displayName":"NewMile Capital","slug":"newmile-capital-333726","website":"https://newmilecapital.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/newmile-capital-llc/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"10 January 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":5,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":293555713,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":293555713,"nonDiscretionaryAccounts":10,"wrapProgram":null,"nonUsClientsPct":30,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":9,"regulatoryAum":210216474},{"label":"State or municipal government entities","clients":1,"regulatoryAum":83339239}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"SEI Global Services, Inc.","shortName":"SEI Global Services","location":"Oaks, PA","smaAssets":22501595},{"name":"U.S. Bank Global Fund Services (Cayman) Limited","shortName":"U.S. Bank Global Fund Services (Cayman) Limited","location":"Grand Cayman","smaAssets":60837644}],"custodyNote":"NewMile Capital does not have custody of client assets.","leadership":[{"name":"Eric Bail","title":"Managing Member and Chief Compliance Officer","crd":"5966337"},{"name":"John Nelligan","title":"Managing Member","crd":"2133506"},{"name":"Alain Toto","title":"Managing Member","crd":"4995055"}],"ownership":[{"label":"John Nelligan","detail":"Managing member in the 25% to 50% ownership band and a control person, since November 2024."},{"label":"Alain Toto","detail":"Managing member in the 25% to 50% ownership band and a control person, since November 2024."},{"label":"Eric Bail","detail":"Managing member and chief compliance officer in the 25% to 50% ownership band and a control person, since November 2024."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"703-307-5527","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Non-exchange-traded equity securities","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"12 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/333726/PDF/333726.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does NewMile Capital have?","answer":"NewMile Capital has 10 clients and manages $294 million for them, as of June 2026. They include 9 pooled investment vehicles and 1 state or municipal government entity.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 12 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does NewMile Capital offer?","answer":"NewMile Capital provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does NewMile Capital use?","answer":"NewMile Capital’s separately managed account assets are held at U.S. Bank Global Fund Services (Cayman) Limited (Grand Cayman), with $60.8M and SEI Global Services, Inc. (Oaks, PA), with $22.5M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does NewMile Capital have?","answer":"NewMile Capital has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does NewMile Capital invest in?","answer":"At the end of its last fiscal year, NewMile Capital’s separately managed accounts held 100% non-exchange-traded equities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns NewMile Capital?","answer":"NewMile Capital’s direct owners are John Nelligan, Alain Toto and Eric Bail, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 12 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does NewMile Capital get paid?","answer":"NewMile Capital is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is NewMile Capital registered with the SEC?","answer":"Yes, NewMile Capital has been registered with the SEC as an investment adviser since 10 January 2025. Its CRD number is 333726 and its SEC file number is 801-131794.","source":"Form ADV Part 1A, Item 1, filed 12 June 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact NewMile Capital?","answer":"Its phone number is 703-307-5527. Its website is newmilecapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 12 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}