Eagle Point Credit Management LLC (Greenwich)
Eagle Point Credit Management LLC is a large advisory firm based in Greenwich. It manages $2.4 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Connecticut.
Eagle Point Credit Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
Eagle Point Credit Management: assets under management
The assets under management (AUM) of Eagle Point Credit Management LLC is $2.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 806% since the beginning of its operation, and $1.19 billion of the total AUM is attributable to clients outside of the United States.
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 Eagle Point Credit Management LLC 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 Eagle Point Credit Management serves?
The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of Eagle Point Credit Management is pooled investment vehicles with 6 clients and $1.11 billion of assets under management. Among the 11 most similar advisory firms, Eagle Point Credit Management has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.28 billion for 20 clients. 25% of the firm’s clients are foreign persons or businesses.
Eagle Point Credit Management also advises several private funds. Namely, two hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
Careers at Eagle Point Credit Management LLC
The company employs 24 people that are either part- or full-time employees. 29 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
Indirect Owners
The SEC currently registers 29 indirect owners.Based in Greenwich
The principal office where Eagle Point Credit Management LLC performs its advisory services is located at 600 Steamboat Road, Greenwich, CT 06830, 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 203-340-8500 or by fax 203-340-8545. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at eaglepointcreditcompany.com/.
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