Varadero Capital, L.P. (New York)

Name: Varadero Capital, L.P.
Address: 452 Fifth Avenue, New York, NY, 10018
Telephone: 212-715-6800

Varadero Capital, L.P. is a large advisory firm based in New York. It manages $2.02 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012.

Varadero Capital 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.

Varadero Capital: assets under management

The assets under management (AUM) of Varadero Capital, L.P. is $2.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 571% since the beginning of its operation, and $1.85 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.02 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.02 million each.

Varadero Capital has custody of $1.36 billion 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 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Varadero Capital, 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.

What kind of clients Varadero Capital serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Varadero Capital is pooled investment vehicles with 9 clients and $1.71 billion of assets under management. Among the 10 most similar advisory firms, Varadero Capital has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.95 billion for 13 clients. 57% of the firm’s clients are foreign persons or businesses.

Varadero Capital also advises several private funds. Namely, one hedge fund, one other private fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $1,000 to $1,000,000.

Careers at Varadero Capital, L.P.

The company employs 22 people that are either part- or full-time employees. 59 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.

Varadero Capital, L.P. is owned by Jill E Jachera. Rory Mitchell Cohen joined the executive team most recently as the General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Fernando Moises Guerrero	Managing partner	1 Sep 2009	50% - 75%	1983338
Llc Varadero Gp	General partner	1 Sep 2009	Other	27-0769669
Inc. Vme Blocker	Limited partner	1 Sep 2009	25% - 50%	46-0524238
David Stuart Reisman	Chief compliance officer	1 Apr 2011	Other	5220826
Llc Fmg Investments	Limited partner	1 Dec 2012	25% - 50%	46-1477778
Peter Chan	Chief financial officer	1 Jun 2014	Other	2676903
Jill E Jachera	Owner	1 Jan 2015	Other	6438017
Rory Mitchell Cohen	General counsel	1 Jul 2015	Other	2952048
Michael Joseph Linn	Chief operating officer/chief compliance officer	1 Aug 2015	Other	2828682
Rory Mitchell Cohen	General counsel	1 Jul 2105	Other	2952048

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nibc Investment Management N.V.	Shareholder	1 Sep 2009	75% - 100%	foreign
Nibc Holding N.V.	Shareholder	1 Sep 2009	75% - 100%	foreign
New Nibc Luxembourg Ii S.A.R.L.	Shareholder	1 Sep 2009	75% - 100%	98-0479445
New Nibc Luxembourg S.A.R.L. (Sicar)	Shareholder	1 Sep 2009	75% - 100%	98-0479440
New Nib Partners Lp	Shareholder	1 Sep 2009	75% - 100%	98-0470112
New Nib Gp Lp	General partner	1 Sep 2009	Other	98-0470111
New Nib Limited	General partner	1 Sep 2009	Other	foreign
James Christopher Flowers	Shareholder	1 Sep 2009	25% - 50%	1050979
Fernando Moises Guerrero	Managing member	1 Nov 2012	Other	1983338
Fernando Guerrero 2012 Family Trust	Non-voting member	1 Dec 2012	75% - 100%	46-1477778

Based in New York

The principal office where Varadero Capital, L.P. performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, 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 212-715-6800 or by fax 212-715-6899. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at varaderocapital.com.