Hcsf Management, LLC (San Francisco)


Hcsf Management, LLC is a large advisory firm based in San Francisco. It manages $460.3 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and New York.

Hcsf 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.

Hcsf Management: assets under management

The assets under management (AUM) of Hcsf Management, LLC is $460.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 163% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $460.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $115.08 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hcsf Management, LLC 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 Hcsf Management serves?

The only and largest group of clients of Hcsf Management is pooled investment vehicles with 4 clients and $460.3 million of assets under management. Among the 10 most similar advisory firms, Hcsf Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $460.3 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Hcsf Management also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hcsf Management, LLC

The company employs 11 people that are either part- or full-time employees. 64 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Iii David E. Park Senior managing member 1 Jan 2007 Other 4281353
Jr. David W. Cost Senior managing member, cco 1 Jan 2007 Other 2359959
Iii David Eugene Park Managing partner 1 Jan 2007 Other 4281353
Jr. David Williams Cost Partner & cco 1 Jan 2007 Other 2359959
Llc Headlands Capital Advisors Managing member 1 Mar 2012 75% - 100% 32-0185816
Lp Headlands Capital Advisors Managing member 1 Mar 2012 75% - 100% 32-0185816

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Iii David E. Park Trustee and managing partner, respectively 1 Feb 2002 75% - 100% 4281353
Iii David Eugene Park Trustee and managing partner, respectively 1 Feb 2002 75% - 100% 4281353
The Hammersmith Trust Member 1 Jan 2007 25% - 50% xxx-xx-xxxx
Lp Filbert Partnership Member 1 Jan 2007 50% - 75% 91-2171818

Based in San Francisco

The principal office where Hcsf Management, LLC performs its advisory services is located at One Maritime Plaza, San Francisco, CA 94111, 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 415-263-7300. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at headlandscap.net/.