Midocean Credit Fund Management, L.P. is a large advisory firm based in New York. It manages $9.1 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New York.
Midocean Credit Fund Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Midocean Credit Fund Management, L.P. is $9.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24760% since the beginning of its operation, and $6.33 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Midocean Credit Fund Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Midocean Credit Fund Management is pooled investment vehicles with 26 clients and $8.58 billion of assets under management. Among the 11 most similar advisory firms, Midocean Credit Fund Management has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $9.1 billion for 34 clients. 70% of the firm’s clients are foreign persons or businesses.
Midocean Credit Fund Management also advises several private funds. Namely, seventeen hedge funds and nine securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
The company employs 48 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Dana M W Carey has served as the Chief Investment Officer since 1 Jun 2019. Andrew Lawrence Spring joined the executive team most recently as the Cfo.
The principal office where Midocean Credit Fund Management, L.P. performs its advisory services is located at 320 Park Avenue, New York, NY 10022 6924, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-497-1400 or by fax 212-497-1376. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at midoceanpartners.com.