Microvest Capital Management LLC (Bethesda)

Name: Microvest Capital Management LLC
Address: 7315 Wisconsin Avenue, Bethesda, MD, 20814
Telephone: 301-664-6680

Microvest Capital Management LLC is a large advisory firm based in Bethesda. It manages $336.36 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Maryland.

Microvest Capital Management 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.

Microvest Capital Management: assets under management

The assets under management (AUM) of Microvest Capital Management LLC is $336.36 million. The firm's AUM has grown by 339% since the beginning of its operation, and $152.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $328.84 million in discretionary accounts and $7.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.76 million.

Microvest Capital Management has custody of $337.6 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Microvest Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Microvest Capital Management serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Microvest Capital Management is pooled investment vehicles with 10 clients and $332.51 million of assets under management. Among the 10 most similar advisory firms, Microvest Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $336.36 million for 11 clients. 45% of the firm’s clients are foreign persons or businesses.

Microvest Capital Management also advises several private funds. Namely, three hedge funds, one other private fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Microvest Capital Management LLC

The company employs 28 people that are either part- or full-time employees. 43 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.

Douglas James Young has served as the Chief Investment Officer since 1 Jan 2015. Ronald Dennis Cordes joined the executive team most recently as the Vice Chairman Of The Board Of Directors.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
W Bowman Cutter	Chairman of the board of directors and member of the investment committee	1 Apr 2003	Other	5779475
Bruce Crenshaw Tully	Member of the investment committee	1 Apr 2003	Other	1941031
Gerhard None Pries	Vice-chairman of the board of directors	1 Apr 2003	Other	5779604
Joseph John Iarocci	Member of the board of directors	1 Apr 2003	Other	5779496
Frederic E C Wall	Member of the board of directors	1 Apr 2003	Other	5779605
Gerhard Pries	Vice-chairman of the board of directors and member of the investment committee	1 Apr 2003	Other	5779604
Gilbert Holmes Crawford	Chief executive officer, member of the board of directors and member of the investment committee	1 May 2003	Other	2650919
Raymond Clair Sauder	Member of the board of directors	1 Aug 2003	Other	5779500
Calvin Jay Miller	Member of the investment committee	1 Jan 2004	Other	5779527
Lauren Kay Hendricks	Member of the board of directors	1 May 2005	Other	5779491
Candace Lynn Smith	Chief compliance officer, chief financial officer and member of the investment committee	1 Jul 2005	Other	5780935
James Alexander Torrey	Member of the board of directors and chairman of the advisory committee	1 May 2006	Other	448310
Richard Benjamin Butler	Member of the investment committee	1 Sep 2006	Other	2366251
Kenneth Dean Hochstetler	Member of the board of directors	1 Jun 2007	Other	4039345
Kim None Williams	Member of the board of directors	1 Nov 2007	Other	4327875
Kim Williams	Member of the board of directors	1 Nov 2007	Other	4327875
Llc Microvest General Partner Holding Company	Sole member	1 Jul 2008	75% - 100%	26-3623234
Carl Fredric Muñana	Member of the board of directors	1 Sep 2008	Other	5779498
Michael A Edberg	Director of investments	1 Dec 2008	Other	4531892
Michael Alan Edberg	Managing director, investments	1 Dec 2008	Other	4531892
John Whitlam Macintosh	Member of the investment committee	1 Oct 2009	Other	5779524
Ronald Dennis Cordes	Member of the investment committee	1 Oct 2009	Other	1920507
Gregory Mark Gentile	Member of the investment committee	1 Sep 2010	Other	2942138
J Alex Hartzler	Member of the board of directors	1 Sep 2010	Other	2335901
Caton Burwell	Member of the investment committee	1 Oct 2010	Other	5854273
Caton None Burwell	Member of the investment committee	1 Oct 2010	Other	5854273
Susan None Salerno	Member of the investment committee	1 Feb 2011	Other	5899475
Susan Salerno	Member of the investment committee	1 Feb 2011	Other	5899475
Christopher Scott Laurent	Chief financial officer	1 Mar 2011	Other	5899749
Christopher Laurent	Chief financial officer	1 Mar 2011	Other	5899749
Ronald Dennis Cordes	Member of the board of directors	1 Jul 2011	Other	1920507
Jon Alastair Ylvisaker	Member of investment commitee	1 Sep 2012	Other	2782304
Angela None Atherton	Member of the investment committee	1 Sep 2012	Other	6124081
Samuel P Moss	Member of the investment committee	1 Nov 2012	Other	6138340
Douglas James Young	Managing director of investments	1 Nov 2012	Other	6139253
Zachary Karter Bishop	Member of the board of directors	1 Nov 2013	Other	5203069
Lynn Exton	Member of the investment committee	1 Mar 2014	Other	4014002
William David Unger	Member of the board of directors	1 Jun 2014	Other	6361168
Matthew Edward Tocks	Member of the investment committee	1 Jun 2014	Other	3093017
Candace Lynn Smith	Chief compliance officer, managing director of risk, and member of the investment committee	1 Jan 2015	Other	5780935
Douglas James Young	Chief investment officer	1 Jan 2015	Other	6139253
Andreas Eichin	Director of investments and member of the investment committee	1 Jan 2016	Other	6709775
Marieanne Jorajuria	Chief financial officer	1 Feb 2016	Other	4040713
Brenda Elizabeth Hansen	Chief compliance officer	1 Mar 2016	Other	6687897
Jr John Joseph Beckham	Chief of strategy	1 Jun 2016	Other	6671752
Dorothy Marie Vanderbeck	Member of the board of directors	1 Jul 2016	Other	6686810
Douglas James Young	Managing director of equity and member of the investment committee	1 Mar 2017	Other	6139253
Jr John Joseph Beckham	Chief investment officer and member of the investment committee	1 Mar 2017	Other	6671752
Amir Poustinchi	Chief financial officer	1 Jun 2017	Other	6821999
Monika Scherer	General counsel	1 Aug 2017	Other	6858740
Bhakti R Mirchandani	Member of the board, gp edf	1 Jan 2018	Other	3252925
Angela None Atherton	Member of the edf investment committee	1 Jan 2018	Other	6124081
Santiago Miguel Arias	Member of the edf investment committee	1 Jan 2018	Other	6903406
Angela Homsi	Member of the edf investment committee	1 Jan 2018	Other	5046220
Ivan Chi Mow Yung	Member of the edf investment committee	1 Jan 2018	Other	6903434
Candace Lynn Smith	Senior adviser and member of the investment committee	1 Aug 2018	Other	5780935
Phyllis R Caldwell	Member of the board of directors	1 Nov 2018	Other	5195426
Gregory L Gaeddert	Member of the board of directors	1 Nov 2018	Other	7041285
Mark Muckerheide	Member of the board of directors	1 Jan 2019	Other	7062906
Ronald Dennis Cordes	Vice-chairman of the board of directors	1 Mar 2019	Other	1920507

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Cooperative For Assistance And Relief	Member	1 Apr 2003	25% - 50%	13-1685039
Mennonite Economic Development Associates	Member	1 Apr 2003	25% - 50%	23-7398678
Ltd. Seed Capital Development Fund	Owner	1 Apr 2003	Other	52-1751172
Seed Capital Development Fund	Owner	1 Apr 2003	Other	52-1751172
Cordes Foundation	Owner	1 Jul 2011	Other	25-1926063

Based in Bethesda

The principal office where Microvest Capital Management LLC performs its advisory services is located at 7315 Wisconsin Avenue, Bethesda, MD 20814, 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 301-664-6680 or by fax 240-380-1028. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at microvestfund.com.