Avenue Capital Management Ii, L.P. (New York)
Avenue Capital Management Ii, L.P. is a large advisory firm based in New York. It manages $6.25 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of New York.
Avenue Capital Management Ii provides portfolio management for investment companies, 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.
Avenue Capital Management Ii: assets under management
The assets under management (AUM) of Avenue Capital Management Ii, L.P. is $6.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and $398.43 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Avenue Capital Management Ii, 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 Avenue Capital Management Ii serves?
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Avenue Capital Management Ii is pooled investment vehicles with 33 clients and $6.07 billion of assets under management. Among the 10 most similar advisory firms, Avenue Capital Management Ii has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $6.25 billion for 34 clients. 15% of the firm’s clients are foreign persons or businesses.
Avenue Capital Management Ii also advises several private funds. Namely, twenty three hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000,000.
Careers at Avenue Capital Management Ii, L.P.
The company employs 170 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 9 people 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
Indirect Owners
The SEC currently registers 72 indirect owners.Based in New York
The principal office where Avenue Capital Management Ii, L.P. performs its advisory services is located at 399 Park Avenue, New York, NY 10022, 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 212-878-3500 or by fax 212-486-1843. The normal business hours are 8:30 a.m.-6:00 p.m. on Monday - Friday. You can find more information about the New York firm at avenuecapital.com.
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