North Run Capital, LP (Boston)

Name: North Run Capital, LP
Address: 24 Federal Street, Boston, MA, 02110
Telephone: 617-310-6130

North Run Capital, LP is a large advisory firm based in Boston. It manages $271.5 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts.

North Run Capital 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.

North Run Capital: assets under management

The assets under management (AUM) of North Run Capital, LP is $271.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -79% since the beginning of its operation, and $271.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $271.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.5 million each.

North Run Capital has custody of $185 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Run Capital, LP 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 North Run Capital serves?

The only and largest group of clients of North Run Capital is pooled investment vehicles with 1 clients and $271.5 million of assets under management. Among the 9 most similar advisory firms, North Run Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $271.5 million for 1 clients. 100% of the firm’s clients are foreign persons or businesses.

North Run Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at North Run Capital, LP

The company employs 7 people that are either part- or full-time employees. 57 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
Thomas Bernard Ellis	Portfolio manager & limited partner	1 Aug 2002	25% - 50%	2786107
Llc North Run Advisors	General partner	1 Aug 2002	Other	35-2177955
Austin Mcclintock	Chief operating officer & chief financial officer	1 Aug 2003	Other	5930472
Sarah Filion	Chief compliance officer & general counsel	1 Jun 2007	Other	5930465
Sarah Lowman Filion	Chief compliance officer & general counsel	1 Jun 2007	Other	5930465
Michael Gardner Fisher	Coo, cfo, cco	1 Sep 2015	Other	2359207

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Todd Benjamin Hammer	Member	1 Aug 2002	50% - 75%	2529044

Based in Boston

The principal office where North Run Capital, LP performs its advisory services is located at 24 Federal Street, Boston, MA 02110, 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 617-310-6130 or by fax 617-507-5805. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at northruncapital.com.