Brigade Capital Management, LP is a large advisory firm based in New York. It manages $22.06 billion of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Indiana and New York.
Brigade Capital Management provides 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.
The assets under management (AUM) of Brigade Capital Management, LP is $22.06 billion. The firm's AUM has grown by 29% since the beginning of its operation, and $17.43 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Brigade Capital Management, LP 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.
The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Patrick William Kelly is pooled investment vehicles with 68 clients and $15.86 billion of assets under management. Among the 12 most similar advisory firms, Brigade Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $20.93 billion for 93 clients. 56% of the firm’s clients are foreign persons or businesses.
Brigade Capital Management also advises several private funds. Namely, twenty five hedge funds, five private equity funds, and twenty six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $113,000,000.
The company employs 99 people that are either part- or full-time employees. 41 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.
Patrick William Kelly has been acting as President since 1 Jan 2007. Morgan 2017 Trust joined the executive team most recently as the Limited Partner.
The principal office where Brigade Capital Management, LP performs its advisory services is located at 399 Park Avenue, New York, NY 10022 4415, which is also the mailing address of the firm. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-745-9700 or by fax 212-745-9701. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at brigadecapital.com.