Kelso & Company, L.P. (New York)

Name: Kelso & Company, L.P.
Address: 320 Park Avenue, New York, NY, 10022
Telephone: 212-350-7700

Kelso & Company, L.P. is a large advisory firm based in New York. It manages $11.44 billion of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2012.

Kelso & Company provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kelso & Company: assets under management

The assets under management (AUM) of Kelso & Company, L.P. is $11.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and $436.62 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.44 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $423.69 million each.

Kelso & Company has custody of $7.51 billion in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kelso & Company, L.P. 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 Kelso & Company serves?

The only and largest group of clients of Kelso & Company is pooled investment vehicles with 27 clients and $11.44 billion of assets under management. Among the 10 most similar advisory firms, Kelso & Company has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $11.44 billion for 27 clients. 22% of the firm’s clients are foreign persons or businesses.

Kelso & Company also advises several private funds. Namely, twenty seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Kelso & Company, L.P.

The company employs 49 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Inc. Kelso & Companies	General partner	1 Mar 1989	Other	13-3510936
Frank Templeton Nickell	Managing director and chief executive officer	1 Sep 1997	Other	2968520
James J Connors	Limited partner, managing director, chief compliance officer and general counsel	1 Dec 2011	Other	4796038
Philip Edward Berney	Limited partner, managing director and president	1 Jan 2014	Other	1949716
Frank John Loverro	Limited partner and managing director	1 Jan 2014	Other	6029713
Anna Lynn Alexander	Limited partner and managing director	1 Jan 2014	Other	2269661
Frank Kitchell Bynum	Limited partner and managing director	1 Jan 2014	Other	6029704
Christopher Lawrence Collins	Limited partner and managing director	1 Jan 2014	Other	2502870
Howard A. Matlin	Limited partner, managing director and chief financial officer	1 Jan 2014	Other	4796040
Church Murdock Moore	Limited partner and managing director	1 Jan 2014	Other	2619300
Stanley De Jongh Osborne	Limited partner and managing director	1 Jan 2014	Other	2716273
David Ira Wahrhaftig	Limited partner and managing director	1 Jan 2014	Other	6029703
Alexis Holding Corp.	Limited partner	1 Jan 2014	Other	13-3694878
Michael B Goldberg	Managing director	1 Jan 2014	Other	1865004
John Kyung Nahm Kim	Limited partner and managing director	1 Mar 2014	Other	2371287
Henry Mannix	Limited partner and managing director	1 Jan 2015	Other	3271990
Paul A. Bridwell	Limited partner and managing director	1 Jul 2015	Other	6630934
Philip Edward Berney	Limited partner, managing director and co-chief executive officer	1 Jan 2016	Other	1949716
Frank John Loverro	Limited partner and managing director and co-chief executive officer	1 Jan 2016	Other	6029713
Frank Templeton Nickell	Managing director and chairman	1 Jan 2016	Other	2968520
Stephen C Dutton	Limited partner and managing director	1 Mar 2016	Other	6493418
Matthew Edgerton	Limited partner and managing director	1 Mar 2016	Other	4883534
Michael Joseph Letourneau	Limited partner and managing member	1 Aug 2016	Other	6776290
Alec Jacques Hufnagel	Limited partner and managing director	1 Jan 2019	Other	5195764
William Woo	Limited partner, managing director, general counsel and chief compliance officer	1 May 2019	Other	5101159
David Lawrence Cohen	Limited partner and managing director	1 May 2019	Other	7124570

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Frank Templeton Nickell	Shareholder	1 Mar 1989	25% - 50%	2968520
Michael Bruce Goldberg	Shareholder	1 Dec 1992	75% - 100%	1968946
Thomas Robert Wall	Shareholder	1 Jan 2014	25% - 50%	6029697
George Edward Matelich	Shareholder	1 Jan 2014	25% - 50%	6029700

Based in New York

The principal office where Kelso & Company, L.P. performs its advisory services is located at 320 Park Avenue, New York, NY 10022, 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 212-350-7700. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at kelso.com and its LinkedIn profile.