Grosvenor Capital Management, L.P. (Chicago)


Grosvenor Capital Management, L.P. is a large advisory firm based in Chicago. It manages $28.85 billion of regulatory assets for 152 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Delaware, Illinois, Massachusetts, Texas, and Virginia.

Grosvenor Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Grosvenor Capital Management: assets under management

The assets under management (AUM) of Grosvenor Capital Management, L.P. is $28.85 billion. The firm's AUM has grown by 684% since the beginning of its operation, and $16.91 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $27.12 billion in discretionary accounts and $1.73 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.55 million.
Grosvenor Capital Management has custody of $27.6 billion in cash and securities for 112 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Grosvenor Capital Management is pooled investment vehicles with 136 clients and $28.16 billion of assets under management. Among the 6 most similar advisory firms, Grosvenor Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $28.49 billion for 142 clients. 59% of the firm’s clients are foreign persons or businesses.

Grosvenor Capital Management also advises several private funds. Namely, one hundred twenty one hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Grosvenor Capital Management, L.P.

The company employs 295 people that are either part- or full-time employees. 31 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 7 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


Name Entity Date acquired Ownership Employer ID
Michael Jay Sacks Managing director, chief executive officer and chairman 1 Mar 1998 Other 2077424
Paul Allan Meister Managing director and vice chairman 1 Mar 1998 Other 2156014
L.L.C. Gcm General partner 1 Mar 1998 Other 36-4216106
Michael Sacks President and managing member of grosvenor holdings, llc, manager of gcm, l.l.c., g.p. of grosvenor capital management, l.p. 1 Mar 1998 25% - 50% 2077424
Richard Elden Member of grosvenor holdings, l.l.c., manager of gcm, l.l.c., g.p. of grosvenor capital management, l.p. 1 Mar 1998 25% - 50% 76808
Paul Meister Vice president of grosvenor holdings, l.l.c., manager of gcm, l.l.c., g.p. of grosvenor capital management, l.p. 1 Mar 1998 Other 2156014
David Bruce Small Member of grosvenor holdings, l.l.c., manager of gcm, l.l.c., general partner of grosvenor capital management, l.p. 1 Mar 1998 Other 1165108
Stephen Malkin Executive vice president of grosvenor holdings, l.l.c., manager of gcm, l.l.c., g.p. of grosvenor capital management, l.p. 1 Mar 1998 75% - 100% 2304538
Gcm Acquisition Co. Member of gcm,l.l.c., general partner of grosvenor capital management, l.p. 1 Mar 1998 50% - 75% 06-1506306
Inc. Value Asset Management Shareholder of grosvenor acqisition co. 1 Mar 1998 75% - 100% 06-1493443
Inc. Bankboston Ventures Shareholder of value asset management, inc. 1 Mar 1998 Other 04-6013165
Fleet Boston Corporation (Subject To Section 12 Of The Securities Exchange Act Of 1934) Shareholder of bankboston ventures, inc. 1 Mar 1998 75% - 100% 05-0341324
L.P. Ranger Capital Management Managing member of grosvenor holdings, l.l.c., manager of gcm, l.l.c., g.p. of grosvenor capital management, l.p. 1 Mar 1998 Other 36-3848946
Gcm Investments L.L.C. Limited partner of registrant 1 Feb 2004 Other 00-000000
Joseph Hartt Nesler Managing director, general counsel and global chief compliance officer 1 Apr 2004 Other 4795824
Joseph H. Nesler General counsel of registrant 1 Apr 2004 Other 4795824
Adam Pollock Chief financial officer-coporate accounting and strategic planning of registrant 1 Apr 2004 Other 4795831
Eric Anderson Felton Managing director and chief financial officer 1 Jun 2004 Other 4812485
Eric Felton Chief financial officer-fund operations 1 Jun 2004 Other 4812485
Stephen Josef Brewster Managing director 1 Jan 2005 Other 1858633
Thomas Francis Meagher Managing director 1 Jan 2005 Other 4065608
David Scott Richter Managing director 1 Jan 2005 Other 2617492
Joseph Don Gutman Managing director 1 Jan 2005 Other 1016874
Scott Jay Lederman Managing director 1 Jan 2005 Other 2919452
David Bruce Small Managing director 1 Jan 2005 Other 4936598
Adam Pollock Managing director, finance 1 Jan 2005 Other 4795831
David Ian Wales Managing director 1 Jan 2005 Other 3119264
David B. Small Managing director, investments 1 Jan 2005 Other 4936598
Brian A. Wolf Managing director, investments 1 Jan 2005 Other 4936601
David Richter Managing director, investments 1 Jan 2005 Other 2617492
Melinda J. Kramer Managing director, chief technology officer 1 Jan 2005 Other 4936604
Scott Lederman Managing director 1 Jan 2005 Other 2919452
Adam Jason Pollock Managing director, finance 1 Jan 2005 Other 4795831
Brian Alan Wolf Managing director, investments 1 Jan 2005 Other 4936601
Melinda Joyce Kramer Managing director, chief technology officer 1 Jan 2005 Other 4936604
Patrick James Mcgarvey Managing director 1 Oct 2005 Other 1398964
Lllp Grosvenor Capital Management Holdings Limited partner 1 Dec 2005 75% - 100% 20-3979494
Scott W Pearson Managing director 1 Aug 2008 Other 4199921
Scott Wilson Pearson Managing director 1 Aug 2008 Other 4199921
Christopher John Castano Managing director 1 Mar 2010 Other 4339002
Michael Travaglini Managing director 1 Jun 2010 Other 4719478
Dasha Smith Dwin Managing director, chief human resources officer 1 Sep 2011 Other 6026873
Bradley Howard Meyers Managing director 1 Apr 2013 Other 3266077
Jonathan Reisin Levin Managing director 1 Apr 2013 Other 5612973
Brett Jonathan Goldstein Managing director, chief technology officer 1 Jul 2013 Other 6230485
Burke Johnson Montgomery Managing director, deputy general counsel 1 Mar 2014 Other 5067591
Craig Harold Goldsmith Managing director 1 Mar 2014 Other 4183129
Ivaldo Modesto Basso Managing director 1 Mar 2014 Other 5125767
Jennifer Nicole Stack Managing director 1 Mar 2014 Other 5126264
Matthew Joseph Hynes Managing director 1 Jul 2014 Other 6417359
Lilly Farahnakian Managing director 1 Dec 2014 Other 2503762
Jeremy Louis Katz Managing director 1 Mar 2015 Other 3254220
David Gerald Flinn Managing director 1 Mar 2015 Other 5065719
Frederick Emmer Pollock Managing director 1 Apr 2015 Other 5166261
Frederick Pollock Managing director 1 Apr 2015 Other 5166261
Burke Johnson Montgomery Managing director, general counsel 1 May 2015 Other 5067591
Lilly Farahnakian Managing director, global chief compliance officer 1 May 2015 Other 2503762
Lilly Nmn Farahnakian Managing director, global chief compliance officer 1 May 2015 Other 2503762
Alok Nmn Mehta Managing director 1 Dec 2015 Other 6628120
Alok Mehta Managing director 1 Dec 2015 Other 6628120
Ivaldo Modesto Basso Managing director and chief financial officer 1 Mar 2017 Other 5125767
Layne Leslie Glunt Managing director 1 Mar 2017 Other 5099505
Stacie Driebusch Selinger Senior vice president 1 Mar 2017 Other 5157216
Aris R Hatch Managing director 1 Apr 2017 Other 6797398
Francis Osarume Idehen Managing director, chief operating officer 1 May 2017 Other 4024738
Stacie Driebusch Selinger Managing director 1 Oct 2017 Other 5157216
Andrew Todd Preda Managing director 1 Mar 2018 Other 3176283
Thomas William Rowland Managing director 1 Mar 2018 Other 4413694
Girish Suresh Kashyap Managing director 1 Mar 2018 Other 5524821

Indirect Owners

The SEC currently registers 23 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Grosvenor Holdings Manager and sole member 1 Mar 1998 75% - 100% 36-4215767
Vam Acquisition Co. Sole shareholder 1 Mar 1998 75% - 100% 06-1493443
Fleet Boston Corporation Shareholder 1 Mar 1998 75% - 100% 05-0341324
Fleet National Bank Shareholder 1 Mar 1998 75% - 100% 04-2472499
Bankboston Ventures Inc. Shareholder 1 Mar 1998 25% - 50% 04-6013165
Bank Of America Corporation Parent company 1 Oct 1998 75% - 100% 56-0906609
Nb Holdings Corporation Parent company 1 Jul 1999 75% - 100% 56-1857749
Michael J. Sacks Revocable Trust Member 1 Jan 2003 25% - 50% 2077424
Michael Jay Sacks Trustee 1 Jan 2003 Other 2077424
Michael Sacks Trustee 1 Jan 2003 Other 2077424
Bank Of America Corporation Shareholder 1 Apr 2004 75% - 100% 56-0906609
Michael J. Sacks 2004 Annuity Trust Member 1 Dec 2004 25% - 50% 36-7431787
Michael Sacks Trustee 1 Dec 2004 Other 2077424
Michael Jay Sacks Trustee 1 Dec 2004 Other 2077424
National Association Bank Of America Parent company 1 Jun 2005 75% - 100% 94-1687665
Michael Jay Sacks Managing member and sole member 1 Jul 2005 75% - 100% 2077424
Mjs Llc Managing member 1 Jul 2005 Other 35-5408840
Llc Mjs Managing member 1 Jul 2005 Other 35-5408840
L.L.C. Gcmh Gp Sole general partner 1 Dec 2005 Other 20-3979324
L.L.C. Grosvenor Holdings Limited partner 1 Dec 2005 50% - 75% 36-4215767
Gcm Acquistition Co. Limited partner 1 Dec 2005 25% - 50% 06-1506306
Gcm Acquisition Co. Limited partner 1 Dec 2005 25% - 50% 06-1506306
L.L.C. Grosvenor Holdings Manager and sole member 1 Jan 2006 75% - 100% 36-4215767

Based in Chicago

The principal office where Grosvenor Capital Management, L.P. performs its advisory services is located at 900 North Michigan Avenue, Suite 1100, Chicago, IL 60611 6558, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-506-6500 or by fax 312-506-6888. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at gcmlp.com.

Registered investment advisers similar to Grosvenor Capital Management, L.P.