Novawave Capital Llc
- Regulatory AUM
- $90.0M
- Discretionary
- $80.0M
- Clients
- 1
- Avg AUM / client
- $90.0M
- Accounts
- 2
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Apr 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $80.0M | 88.9% |
| Charitable organizations | Fewer than 5 clients | $10.0M | 11.1% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $80.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Novawave Fund I, Lp | Venture Capital Fund | Delaware | $80.0M | 3 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Diallo, Ali, Badara | Manager / Chief Compliance Officer | Sep 2024 (2y) | ≈ 56.25% – 100% via Aurion Capital Management Llc | |
| Sim, Kyoungbo, Nmn | Manager | Sep 2024 (2y) | Less than 5% | |
| Wislar, Elliott, Wakefield | Manager | Sep 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Aurion Capital Management Llc | Member | Sep 2024 | A | 75% or more |
| Clearbrook, Llc | Member | Sep 2024 | A | 25% – 50% |
Estimated effective ownership (look-through of filed bands):
- Diallo, Ali, Badara: 75% – 100% of Aurion Capital Management Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $80.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Novawave Fund I, Lp | Venture Capital Fund | $80.0M | $2.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/01/2026 | 1.15 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 01, 2026.
View current Form ADV (SEC/IAPD) ↗