Summit Partners Credit Advisors, L.P. is a large advisory firm based in Boston. It manages $1.61 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Massachusetts.
Summit Partners Credit Advisors 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.
The assets under management (AUM) of Summit Partners Credit Advisors, L.P. is $1.61 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 581% since the beginning of its operation, and $421.35 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Summit Partners Credit 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.
The only and largest group of clients of Summit Partners Credit Advisors is pooled investment vehicles with 12 clients and $1.61 billion of assets under management. Among the 8 most similar advisory firms, Summit Partners Credit Advisors has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.61 billion for 12 clients. 50% of the firm’s clients are foreign persons or businesses.
Summit Partners Credit Advisors also advises several private funds. Namely, nine private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 21 people that are either part- or full-time employees. 100 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.
The principal office where Summit Partners Credit Advisors, L.P. performs its advisory services is located at 222 Berkeley Street, Boston, MA 02116 3748, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-824-1000 or by fax 624-824-1100. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at summitpartners.com.