Gem Capital, L.P. (Chicago)

Name: Gem Capital, L.P.
Address: 900 North Michigan Ave, Chicago, IL, 60611 6550
Telephone: 312-915-2900

Gem Capital, L.P. is a large advisory firm based in Chicago. It manages $4.75 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Gem 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.

Gem Capital: assets under management

The assets under management (AUM) of Gem Capital, L.P. is $4.75 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $279.12 million each.

Gem Capital has custody of $4.75 billion in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gem Capital, L.P. 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 Gem Capital serves?

The only and largest group of clients of Gem Capital is pooled investment vehicles with 17 clients and $4.75 billion of assets under management. Among the 10 most similar advisory firms, Gem Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.75 billion for 17 clients. 1% of the firm’s clients are foreign persons or businesses.

Gem Capital also advises several private funds. Namely, four hedge funds and thirteen real estate funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Gem Capital, L.P.

The company employs 65 people that are either part- or full-time employees. 38 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
Barry Alan Malkin	Senior managing partner	1 Feb 1998	Other	2547940
Michael Andrew Elrad	Senior managing partner	1 Feb 1998	Other	5034589
Atrium Gem Partners Llc	Limited partner	1 Feb 1998	50% - 75%	20-0895314
Norman Scott Geller	Senior managing partner	1 Feb 1998	Other	5034585
Craig Raymond Caffarelli	Chief financial officer and chief operating officer	1 Feb 1998	Other	5034611
Atrium Gem Partners Lp	Limited partner	1 Feb 1998	50% - 75%	20-0895314
Daniel Brett Rosenbloom	Limited partner	1 Jan 2006	Other	4555792
Llc Gem Mm	General partner	1 Jan 2007	Other	20-0895314
Llc Gem Special Mm	General partner	1 Jan 2007	Other	20-0895314
Jonathan Craig Romick	General counsel and chief compliance officer	1 Aug 2007	Other	5401037
Denise Ann Olsen	Limted partner	1 Jan 2008	Other	2463878
Flex Gem Partners Llc	Limited partner	1 Jan 2009	Other	27-2231992
Gary (Nmn) Freeman	Limited partner	1 Jan 2010	Other	6028700
Andrew Michael Franklin	Chief financial officer	1 Jan 2017	Other	6773149

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Barry A. Malkin Family Trust	Partner	1 Oct 1992	25% - 50%	36-7016649
Stephen J. Malkin Family Trust	Partner	1 Oct 1992	25% - 50%	36-7016649
Barry Alan Malkin	Trustee	1 Oct 1992	Other	2547940
Stephen Jay Malkin	Trustee	1 Oct 1992	Other	2304538
L.P. Ranger Capital Management	Member	1 May 2004	25% - 50%	36-3848946
Llc Atrium Gem Partners Gp	General partner	1 May 2004	Other	81-5318109

Based in Chicago

The principal office where Gem Capital, L.P. performs its advisory services is located at 900 North Michigan Ave, Chicago, IL 60611 6550, 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 312-915-2900 or by fax 312-915-2901. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gemrc.com.