Piney Lake Capital Management LP (Greenwich)

Piney Lake Capital Management LP is a large advisory firm based in Greenwich. It manages $356.85 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018.

Piney Lake Capital Management 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.

Piney Lake Capital Management: assets under management

The assets under management (AUM) of Piney Lake Capital Management LP is $356.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $197.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $356.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $89.21 million each.

Piney Lake Capital Management has custody of $356.85 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Piney Lake Capital Management LP 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.

What kind of clients Piney Lake Capital Management serves?

The only and largest group of clients of Piney Lake Capital Management is pooled investment vehicles with 4 clients and $356.85 million of assets under management. Among the 9 most similar advisory firms, Piney Lake Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $356.85 million for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Piney Lake Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Piney Lake Capital Management LP

The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 B. Lazar	Cio/ceo/limited partner	1 May 2018	75% - 100%	2321193
Piney Lake Llc	General partner	1 May 2018	Other	47-3197237
Joseph Adrian Bucci	Chief compliance officer	1 May 2018	Other	2954927

Based in Greenwich

The principal office where Piney Lake Capital Management LP performs its advisory services is located at Four Greenwich Office Park, Greenwich, CT 06831, 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 203-307-5900. The normal business hours are 9-5pm on Monday - Friday.