Crescent Park Management, L.P. (East Palo Alto)

Crescent Park Management, L.P. is a large advisory firm based in East Palo Alto. It manages $525.44 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Crescent Park Management 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.

Crescent Park Management: assets under management

The assets under management (AUM) of Crescent Park Management, L.P. is $525.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and $486.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $525.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $105.09 million each.

Crescent Park Management has custody of $525.44 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crescent Park Management, 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 Crescent Park Management serves?

The only and largest group of clients of Crescent Park Management is pooled investment vehicles with 5 clients and $525.44 million of assets under management. Among the 7 most similar advisory firms, Crescent Park Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $525.44 million for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

Crescent Park Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.

Careers at Crescent Park Management, L.P.

The company employs 10 people that are either part- or full-time employees. 60 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
The Eli And Margarita Cohen Living Trust	Limited partner	1 Feb 2014	75% - 100%	xxx-xx-xxxx
Llc Cpm Gp	General partner	1 Feb 2014	Other	46-5079499
Eli D. Cohen	Chief executive officer, chief investment officer	1 Feb 2014	Other	6385601
Douglas Kevin Edwards	Chief compliance officer, chief financial officer	1 Apr 2014	Other	5927939
Douglas Kevin Edwards	Chief compliance officer, chief financial officer	1 May 2014	Other	5927939

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eli D. Cohen	Grantor, trustee	1 Jul 2011	75% - 100%	6385601

Based in East Palo Alto

The principal office where Crescent Park Management, L.P. performs its advisory services is located at 1900 University Avenue, East Palo Alto, CA 94303, 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 650-285-4300 or by fax 650-396-4850. The normal business hours are 6am - 5 pm on Monday - Friday.