Black Creek Investment Management Inc. (Toronto)

Name: Black Creek Investment Management Inc.
Address: 123 Front Street West, Toronto, M5 J 2 M2
Telephone: 416-236-2424

Black Creek Investment Management Inc. is a large advisory firm based in Toronto. It manages $8.8 billion of regulatory assets for 31 client accounts. It has been registered with the SEC as an adviser since 2012.

Black Creek Investment Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and sub-advisor to mutual funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Black Creek Investment Management: assets under management

The assets under management (AUM) of Black Creek Investment Management Inc. is $8.8 billion. The firm's AUM has grown by 1120% since the beginning of its operation, and $7.43 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.36 billion in discretionary accounts and $444.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $288.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $222.11 million.

Black Creek Investment Management has custody of $200.57 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Black Creek Investment Management Inc. 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 Black Creek Investment Management serves?

The firm provides services to charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Black Creek Investment Management is pooled investment vehicles with 8 clients and $1.38 billion of assets under management. Among the 7 most similar advisory firms, Black Creek Investment Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.14 billion for 22 clients. 58% of the firm’s clients are foreign persons or businesses.

Black Creek Investment Management also advises several private funds. Namely, one hedge fund.

Careers at Black Creek Investment Management Inc.

The company employs 23 people that are either part- or full-time employees. 52 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 compensates 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
Richard Lyle Jenkins	Chairman and trustee, jenkins family trust, culzean holdings inc.	1 Dec 2008	Other	6031085
William David Kanko	President; trustee, kanko family trust, nanibijou holdings [2008] inc.	1 Dec 2008	Other	6031089
Kanko Family Trust	Shareholder	1 Dec 2008	50% - 75%	foreign
Jenkins Family Trust	Shareholder	1 Dec 2008	50% - 75%	foreign
Alan Keith Forde	Chief operating officer	1 Dec 2008	Other	6031084
Nanibijou Holdings [2008] Inc.	Preferred shareholder	1 Dec 2008	50% - 75%	foreign
Culzean Holdings Inc.	Preferred shareholder	1 Dec 2008	50% - 75%	foreign
Kakabeka Holdings Inc.	Shareholder	1 May 2013	25% - 50%	foreign
Sattel Investments Limited	Shareholder	1 May 2013	25% - 50%	foreign
Miriam Eun Joo Lee	Chief compliance officer	1 Oct 2013	Other	6281713
Argent Cantri Inc.	Shareholder	1 Jan 2014	Other	foreign
Amvirence Inc.	Shareholder	1 May 2016	Other	foreign
Leila's Pajamas Inc.	Shareholder	1 May 2016	Other	foreign
Hp Blueskies Holdings Inc.	Shareholder	1 May 2016	Other	foriegn
Jeffrey Scott Israel	Chief operating officer	1 Feb 2019	Other	7070596

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Susan Harrison	Trustee	1 Dec 2008	25% - 50%	6031086
Brian Quinlan	Trustee	1 Dec 2008	25% - 50%	6031090
Lorelei Jenkins	Trustee	1 Dec 2008	50% - 75%	6031087
Kanko Family Trust	Shareholder	1 May 2013	75% - 100%	foreign
Jenkins Family Trust	Shareholder	1 May 2013	75% - 100%	foreign
The Galarce Family Trust (2013)	Shareholder	1 Jan 2014	75% - 100%	foreign
Matias Maria Galarce	Trustee	1 Jan 2014	25% - 50%	6320437
Maria De La Paz Galarce	Trustee	1 Jan 2014	25% - 50%	6320438
Scott Graham Lowry	Trustee	1 Jan 2014	25% - 50%	6320442
Zhongyi Huang	Shareholder	1 May 2016	75% - 100%	6669671
Samir Jhaveri	Shareholder	1 May 2016	75% - 100%	6669677
Heather Peirce	Shareholder	1 May 2016	75% - 100%	6669679

Based in Toronto

The principal office where Black Creek Investment Management Inc. performs its advisory services is located at 123 Front Street West, Toronto, M5 J 2 M2 The mailing address of the firm is 123 Front Street West, Suite 1200, Toronto, M5 J 2 M2. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 416-236-2424 or by fax 416-236-5117. The normal business hours are 7:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at bcim.ca.