Semper Capital Management, L.P. (New York)


Semper Capital Management, L.P. is a large advisory firm based in New York. It manages $2.94 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Semper Capital 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.

Semper Capital Management: assets under management

The assets under management (AUM) of Semper Capital Management, L.P. is $2.94 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 189% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.94 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.05 million each.

Investments

The firm invests in other assets the most. They account for 72% of the total AUM. The second-largest asset type is government bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Semper Capital Management, 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 Semper Capital Management serves?

The firm provides services to investment companies, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Semper Capital Management is investment companies with 3 clients and $2.18 billion of assets under management. Among the 8 most similar advisory firms, Semper Capital Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.94 billion for 13 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Semper Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Semper Capital Management, L.P.

The company employs 22 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jerald P. Menozzi has served as the Chief Investment Officer since 1 May 2010 and Gregory Allen Parsons is the Chief Executive Officer of Semper Capital Management, L.P. family office. Thomas Benjamin Mandel joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Benin Holdings Llc Limited partner 1 Jul 2006 Other 20-5160504
L. P. Utendahl Management Limited partner 1 Jul 2006 Other 13-3769883
L.L.C. Ucm Holdings Limited partner 1 Jul 2006 Other 04-3651341
Benin Holding Llc Limited partner 1 Jul 2006 Other 20-5160504
Martinnette Jeske Witrick Chief compliance officer 1 Oct 2006 Other 707935
Rdp I Llc Limited partner 1 Jul 2008 25% - 50% 26-3137591
Llc Advent Capital Management Limited partner 1 Jan 2010 Other 113013
Semper Capital Partners Llc General partner 1 Apr 2010 Other 27-1890249
Llc Ucm Partners Ii General partner 1 Apr 2010 25% - 50% 27-1890249
Jerald P. Menozzi Chief investment officer 1 May 2010 Other 5791031
Jay Menozzi Chief investment officer 1 May 2010 Other 5791031
Gregory William Ellis President and chief operating officer 1 Sep 2010 Other 2549220
Gregory Allen Parsons Chief executive officer 1 Dec 2010 Other 3148868
Ria Allison Davis Chief compliance officer 1 May 2013 Other 3187639
Rsl Capital Llc Limited partner 1 Nov 2014 25% - 50% 45-4156079
Christopher Raymond Mendez Chief compliance officer 1 Jan 2017 Other 6039943
Zachary Todd Cooper Chief investment officer 1 Jan 2017 Other 2586875
Thomas Benjamin Mandel Chief investment officer 1 Mar 2018 Other 1570248

Indirect Owners

The SEC currently registers 11 indirect owners.

Name Entity Date acquired Ownership Employer ID
Utendahl Capital Corporation General partner 1 Oct 1992 75% - 100% 13-3663001
John Oscar Utendahl Chairman 1 Oct 1992 75% - 100% 1055234
Ronald Steven Lauder Member 1 May 1998 75% - 100% 6424107
John Oscar Utendahl President 1 Jun 2006 50% - 75% 1055234
Andrew Jay Astrachan Member 1 Jul 2006 50% - 75% 1002815
Jack Binion Member 1 Jul 2006 50% - 75% 5201607
John Oscar Utendahl General partner 1 Jul 2006 75% - 100% 1055234
Llc Bfh Utendahl Investors Member 1 Jul 2006 25% - 50% 20-5348312
Richard D Parsons Managing member 1 Jul 2008 75% - 100% 2051375
Gregory Allen Parsons Managing member 1 May 2010 25% - 50% 3148868
Gregory William Ellis Member 1 Oct 2014 25% - 50% 2549220

Based in New York

The principal office where Semper Capital Management, L.P. performs its advisory services is located at 52 Vanderbilt Avenue, New York, NY 10017 3851, 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 212-612-9000 or by fax 212-425-4199. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at semperfunds.com.