Greenhouse Funds LlLP is a large advisory firm based in Baltimore. It manages $628 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Maryland and New York.
Greenhouse Funds L 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.
The assets under management (AUM) of Greenhouse Funds LlLP is $628 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 63% since the beginning of its operation, and $331.2 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Greenhouse Funds LlLP 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.
The only and largest group of clients of Joseph Michael Milano is pooled investment vehicles with 8 clients and $628 million of assets under management. Among the 11 most similar advisory firms, Greenhouse Funds L has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $628 million for 8 clients. 75% of the firm’s clients are foreign persons or businesses.
Greenhouse Funds L also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.
The company employs 7 people that are either part- or full-time employees. 57 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.
Joseph Michael Milano has been acting as President since 1 Mar 2014. Duval James Prey joined the executive team most recently as the Limited Partner.
The principal office where Greenhouse Funds LlLP performs its advisory services is located at 650 South Exeter Street, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in Floral Park, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 443-961-3914. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at greenhousefunds.com.