Pacific Private Fund Advisors LLC (Newport Beach)


Pacific Private Fund Advisors LLC is a large advisory firm based in Newport Beach. It manages $2.78 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Pacific Private Fund Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Private Fund Advisors: assets under management

The assets under management (AUM) of Pacific Private Fund Advisors LLC is $2.78 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3054% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.78 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $231.53 million each.
Pacific Private Fund Advisors has custody of $1.13 billion in cash and securities for 8 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Private Fund Advisors 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 Khanh Thien Tran serves?

The only and largest group of clients of Khanh Thien Tran is pooled investment vehicles with 11 clients and $1.52 billion of assets under management. Among the 12 most similar advisory firms, Pacific Private Fund Advisors has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.52 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Pacific Private Fund Advisors also advises several private funds. Namely, one hedge fund and nine private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Pacific Private Fund Advisors LLC

The company employs 15 people that are either part- or full-time employees. 47 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.

Khanh Thien Tran has been acting as President since 1 Jul 2013. Carol Elaine Rumsey joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Pacific Asset Advisors Llc Managing member of applicant 1 Jul 2013 75% - 100% 46-0831471
James R. Burritt Managing director 1 Jul 2013 Other 5064993
Sharon Emi Pacheco Chief compliance officer 1 Jul 2013 Other 2767271
Pacific Global Asset Management Llc Managing member of applicant 1 Jul 2013 75% - 100% 46-0831471
Khanh Thien Tran President 1 Jul 2013 Other 2659686
Sharon A Cheever General counsel 1 Jul 2013 Other 5477632
Adrian Scott Griggs Chief financial officer 1 Jul 2013 Other 4126733
Harsha Sudhir Patwardhan Managing director 1 Mar 2015 Other 4244788
Carol Elaine Rumsey Chief compliance officer 1 Jan 2016 Other 6607444

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Pacific Lifecorp Parent 1 May 2007 75% - 100% 33-0769203
Pacific Mutual Holding Company Parent 1 May 2007 75% - 100% 33-0769202
Pacific Life Insurance Company Managing member 1 Aug 2012 75% - 100% 95-107900

Based in Newport Beach

The principal office where Pacific Private Fund Advisors LLC performs its advisory services is located at 840 Newport Center Drive, Newport Beach, CA 92660, 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 (949) 219-5010. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday.