Strategic Partners Fund Solutions Advisors L.P. (New York)

Name: Strategic Partners Fund Solutions Advisors L.P.
Address: 345 Park Avenue, New York, NY, 10154
Telephone: 212-583-5000

Strategic Partners Fund Solutions Advisors L.P. is a large advisory firm based in New York. It manages $28.34 billion of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Strategic Partners Fund Solutions Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Strategic Partners Fund Solutions Advisors: assets under management

The assets under management (AUM) of Strategic Partners Fund Solutions Advisors L.P. is $28.34 billion. The firm's AUM has grown by 185% since the beginning of its operation, and $1.55 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $27.87 billion in discretionary accounts and $469.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $961.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $42.65 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strategic Partners Fund Solutions Advisors L.P. 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 Strategic Partners Fund Solutions Advisors serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Strategic Partners Fund Solutions Advisors is pooled investment vehicles with 39 clients and $27.57 billion of assets under management. Among the 4 most similar advisory firms, Strategic Partners Fund Solutions Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $28.34 billion for 40 clients. 33% of the firm’s clients are foreign persons or businesses.

Strategic Partners Fund Solutions Advisors also advises several private funds. Namely, six real estate funds, one other private fund, eighteen private equity funds, and three venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000,000.

Careers at Strategic Partners Fund Solutions Advisors L.P.

The company employs 82 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Spfs Advisors L.L.C.	General partner	1 Jan 2005	50% - 75%	20-2277226
Blackstone Intermediary Holdco L.L.C.	Limited partner	1 Jul 2011	75% - 100%	45-2537313
Stephen H Can	Senior managing director	1 Aug 2013	Other	4276744
Verdun S Perry	Senior managing director	1 Aug 2013	Other	2521357
Peter Song	Chief operating officer and general counsel	1 Aug 2013	Other	4279520
Joshua Scott Blaine	Senior managing director	1 Aug 2013	Other	3085316
David Jeremy Corey	Principal	1 Aug 2013	Other	4440724
Michael Anthony Petryczenko	Chief financial officer of strategic partners fund solutions	1 Aug 2013	Other	2412011
Stephen Henry Can	Senior managing director	1 Aug 2013	Other	4276744
Verdun Sidney Perry	Senior managing director	1 Aug 2013	Other	2521357
Jeffrey Carter Iverson	Chief compliance officer	1 Nov 2013	Other	5950763
Neil Douglas Schwartz	Chief compliance officer	1 Apr 2019	Other	5205788

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Blackstone Holdings I / Ii Gp Inc.	General partner	1 Jun 2007	Other	26-0238303
The Blackstone Group L.P.	Shareholder	1 Jun 2007	75% - 100%	20-8875684
Blackstone Holdings I / Ii Gp L.L.C.	General partner	1 Jun 2007	Other	26-0238303
The Blackstone Group Inc.	Sole member	1 Jun 2007	75% - 100%	20-8875684
Blackstone Holdings I L.P.	Limited partner	1 Jul 2011	75% - 100%	26-0288589
Blackstone Group Holdings L.P.	Limited partner	1 Jul 2011	75% - 100%	13-3492074
Blackstone Advisory Partners L.P.	Sole member	1 Jul 2011	75% - 100%	17917
Blackstone Advisory Services L.L.C.	General partner	1 Jul 2011	Other	26-1124704
Blackstone Group Holdings L.L.C.	General partner	1 Jul 2011	Other	13-3901804

Based in New York

The principal office where Strategic Partners Fund Solutions Advisors L.P. performs its advisory services is located at 345 Park Avenue, New York, NY 10154, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-583-5000 or by fax 646-455-4377. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at blackstone.com and its LinkedIn profile.