Nlg Capital LLC

Registered investment adviser · Montpelier, VT · CRD #109396

Form ADV data as of 2026-09-01

Regulatory assets

$46.55 billion

Total accounts

Employees

Disclosure events

Firm details

Website: https://www.linkedin.com/search/results/all/?keywords=nlg%20capital%20llc&origin=global_search_header
Telephone: 802-229-3773
SEC file number: 801-57721
Most recent Form ADV filing: 2026-03-30
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$46.55 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$46.55 billion
Discretionary accounts	10
Non-discretionary accounts	0
Total accounts	10
Regulatory assets under management attributable to non-U.S. persons	$43.2 million

People

Total employees (excluding clerical)	54
Employees performing investment advisory functions (including research)	48
Employees who are registered representatives of a broker-dealer	1
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementPerformance-based feesOther

Advisory services offered

Portfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Insurance company or agencySponsor or syndicator of limited partnerships

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Brokers or dealers selected under 8.C.(3) are related persons

Client types

Type of client	Clients	Assets
Pension and profit sharing plans (not the participants or government plans)	1	$319.1 million
Charitable organizations	1	$23.8 million
Insurance companies	6	$46.17 billion
Corporations or other businesses not listed above	2	$32.8 million