Corre Partners Management, LLC (New York)

Name: Corre Partners Management, LLC
Address: 12 E. 49 Th St., New York, NY, 10017
Telephone: 646-863-7151

Corre Partners Management, LLC is a large advisory firm based in New York. It manages $814.9 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2014.

Corre Partners Management provides portfolio management for pooled investment vehicles and coinvestment. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Corre Partners Management: assets under management

The assets under management (AUM) of Corre Partners Management, LLC is $814.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 285% since the beginning of its operation, and $533.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $814.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.54 million each.

Corre Partners Management has custody of $814.9 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corre Partners Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Corre Partners Management serves?

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Corre Partners Management is pooled investment vehicles with 8 clients and $808.62 million of assets under management. Among the 11 most similar advisory firms, Corre Partners Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $814.9 million for 9 clients. 67% of the firm’s clients are foreign persons or businesses.

Corre Partners Management also advises several private funds. Namely, two hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Corre Partners Management, LLC

The company employs 11 people that are either part- or full-time employees. 73 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 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Hjalmar Soderlund	Managing member	1 Jul 2009	50% - 75%	2871918
John Frederick Barrett	Managing member	1 Jul 2009	50% - 75%	6027297
Eric Hjalmer Soderlund	Managing member	1 Jul 2009	50% - 75%	2871918
John Barrett	Managing partner	1 Jul 2009	50% - 75%	6027297
Micah Spiegel	Chief financial officer, chief compliance officer	1 Aug 2014	Other	5926201

Based in New York

The principal office where Corre Partners Management, LLC performs its advisory services is located at 12 E. 49 Th St., New York, NY 10017, 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 646-863-7151 or by fax 646-863-7161. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at correpartners.com and its LinkedIn profile.