Farallon Capital Management, L.L.C. (San Francisco)


Farallon Capital Management, L.L.C. is a large advisory firm based in San Francisco. It manages $33.64 billion of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California and Delaware.

Farallon Capital Management, L.L.C provides 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.

Farallon Capital Management, L.L.C: assets under management

The assets under management (AUM) of Farallon Capital Management, L.L.C. is $33.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 318% since the beginning of its operation, and $15.85 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $33.64 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $623.03 million each.
Farallon Capital Management, L.L.C has custody of $31.96 billion in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is other assets, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

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

The only and largest group of clients of Farallon Capital Management, L.L.C is pooled investment vehicles with 49 clients and $33.56 billion of assets under management. Among the 6 most similar advisory firms, Farallon Capital Management, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $33.56 billion for 49 clients. 50% of the firm’s clients are foreign persons or businesses.

Farallon Capital Management, L.L.C also advises several private funds. Namely, forty three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $60,000,000.

Careers at Farallon Capital Management, L.L.C.

The company employs 148 people that are either part- or full-time employees. 36 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
Thomas Fahr Steyer Senior managing member 1 Apr 1996 25% - 50% 1233313
Joseph Francis Downes Managing member 1 Apr 1996 Other 1410971
Stephen Millham Managing member 1 Apr 1996 Other 2790136
William Fredrick Mellin Managing member 1 Apr 1996 Other 1750521
David Cohen Managing member 1 Apr 1996 25% - 50% 2429698
Stephen Lewis Millham Managing member 1 Apr 1996 Other 2790136
William Frederick Mellin Managing member 1 Apr 1996 Other 1750521
David Isaac Cohen Managing member 1 Apr 1996 25% - 50% 2429698
Richard Brachman Fried Managing member (fcm) 1 Jan 1999 Other 4344153
William Duhamel Managing member 1 Jan 1999 Other 2847674
William Francis Duhamel Managing member 1 Jan 1999 Other 2847674
Mark Christopher Wehrly Managing member, special counsel & chief operating officer (7/2014) (fcm) 1 Jan 2000 Other 4344163
Monica Rose Landry Managing member (fcm) 1 Jan 2001 Other 4344165
Gregory Siemon Swart Chief financial officer & managing member(1/2006) (fcm) 1 Feb 2003 Other 4630748
Derek Christopher Schrier Managing member 1 Jul 2003 Other 4702432
Chun R Ding Managing member 1 Jul 2003 Other 4702452
Rajiv Anant Patel Managing member (fcm) 1 Jan 2004 Other 2404836
Charles Erwin Ellwein Managing member 1 Jan 2004 Other 2091983
Kirstin Janette Lynch Chief compliance officer (fcm) 1 Oct 2004 Other 4872266
George Raymond Zage Director (farallon asia) 1 Jan 2005 Other 2538668
L.P. Noonday Asset Management Non-voting member 1 Jan 2005 Other 33-1106238
Andrew James Mclean Spokes Director (farallon asia) 1 Jul 2005 Other 1983183
Gregory Siemon Swart Managing member 1 Jan 2006 Other 4630748
Alice Frances Evarts Managing member 1 Jan 2006 Other 5118079
Jason Erwin Moment Managing member 1 Jan 2006 Other 5118081
George Raymond Zage Director (farallon hk) 1 Aug 2006 Other 2538668
Rajiv And Krutika Patel 2006 Trust Trust; trustees are rajiv patel and krutika patel (fcm) 1 Nov 2006 Other xxx-xx-xxxx
Douglas Merritt Macmahon Managing member 1 Jan 2007 Other 5311768
Andrew James Mclean Spokes Director (farallon hk) 1 Jul 2007 Other 1983183
Nancy Bingyun Wu Director (farallon hk) 1 Jul 2007 Other 2773116
Ashish Harishchandra Pant Managing member 1 Jul 2007 Other 5376359
Andrew James Mclean Spokes Managing partner and senior managing member (fcm) 1 Aug 2007 25% - 50% 1983183
Michael Dean Wall Controller, treasurer & chief accountant (farallon asia) 1 Feb 2008 Other 5497818
Daniel Joseph Hirsch Managing member (fcm) 1 Jan 2009 Other 5651925
Richard Hian Kee Voon Managing member 1 Jan 2009 Other 5651927
Paul Andrew Caldwell Member executor (farallon japan) 1 Mar 2009 Other 6044349
Andrew James Mclean Spokes Member executor (noonday japan) 1 Mar 2009 Other 1983183
Davide Leone Managing member 1 Oct 2009 Other 5069595
Thomas Gerald Roberts Managing member (fcm) 1 Apr 2010 Other 5653061
Michael Grant Linn Managing member (fcm) 1 Jul 2010 Other 3129850
John Russell Warren Managing member (fcm) 1 Jan 2011 Other 3094530
Daniel Krepel Goldberg Director (farallon lat. am.) 1 Aug 2011 25% - 50% 6031224
Steyer/Taylor Revocable Trust Trust; trustees are thomas f. steyer and katherine taylor (fcm) 1 Nov 2011 25% - 50% xxx-xx-xxxx
Robert Joseph Ceremsak Managing member (fcm) 1 Jan 2012 Other 1402439
L.L.C. Farallon Capital Management Shareholder (farallon lat. am.) 1 Feb 2012 50% - 75% 107322
L.L.C. Farallon Capital Management Shareholder (farallon asia) 1 Jan 2013 75% - 100% 107322
Wehrly Family Trust Trust; trustees are mark c. wehrly and jill a. wehrly (fcm) 1 Jan 2013 Other xxx-xx-xxxx
The Frank Linn Family Trust Trust; trustees are michael g. linn and cheryl e. frank (fcm) 1 Jan 2013 Other xxx-xx-xxxx
Monica Rose Landry Trust Trust; trustee is monica r. landry (fcm) 1 Jan 2013 Other xxx-xx-xxxx
Antenor Camargo Shareholder (farallon lat. am.) 1 Dec 2013 Other 6304117
Felipe Ferreira Villar Coelho Shareholder (farallon lat. am.) 1 Dec 2013 Other 6304118
Emanuel Goncalves Dutra Shareholder (farallon lat. am.) 1 Dec 2013 Other 2647174
David Kim Managing member (fcm) 1 Jan 2014 Other 6296129
Michael Benjamin Fisch Managing member & general counsel (fcm) 1 Jul 2014 Other 6362111
Marco Mordehachvili Shareholder (farallon lat. am.) 1 Sep 2014 Other 6458838
Ashish Gupta Partner (farallon asia) 1 Jan 2015 Other 6464244
L.L.C. Farallon Partners Shareholder (farallon hk) 1 Apr 2015 75% - 100% 94-3240280
David Adam Posner Managing member 1 Jan 2017 Other 2793341
William Stephens Seybold Managing member 1 Jan 2017 Other 6762984
Philip David Dreyfuss Managing member 1 Jan 2017 Other 6767565
Ravi Krishna Paidipaty Managing member (fcm) 1 Jan 2017 Other 4560494
L.P. Farallon Capital Management Member 1 Apr 2018 75% - 100% 94-3240279
Cameron Anthony Hillyer Chief financial officer 1 May 2019 Other 6027922

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Noonday Capital General partner 1 Jan 2005 Other 33-1106236
David Isaac Cohen Managing member 1 Jan 2005 75% - 100% 2429698
Saurabh Kumar Mittal Managing member 1 Oct 2005 Other 5069575
Thomas Gerald Roberts Managing member 1 Jan 2009 Other 5653061
Andrew James Mclean Spokes Senior managing member 1 Dec 2012 25% - 50% 1983183
Andrew James Mclean Spokes Limited partner 1 Apr 2018 25% - 50% 1983183
L.L.C. Farallon Capital Management (Gp) General partner 1 Apr 2018 Other 82-4852722
Richard Brachman Fried Managing member 1 Apr 2018 Other 4344153
Mark Christopher Wehrly Managing member 1 Apr 2018 Other 4344163
Monica Rose Landry Managing member 1 Apr 2018 Other 4344165
Gregory Siemon Swart Managing member 1 Apr 2018 Other 4630748
Rajiv Anant Patel Managing member 1 Apr 2018 Other 2404836
Thomas Gerald Roberts Managing member 1 Apr 2018 Other 5653061
Michael Grant Linn Managing member 1 Apr 2018 Other 3129850
John Russell Warren Managing member 1 Apr 2018 Other 3094530
David Kim Managing member 1 Apr 2018 Other 6296129
Michael Benjamin Fisch Managing member 1 Apr 2018 Other 6362111
David Adam Posner Managing member 1 Apr 2018 Other 2793341
William Stephens Seybold Managing member 1 Apr 2018 Other 6762984
Philip David Dreyfuss Managing member 1 Apr 2018 Other 6767565

Based in San Francisco

The principal office where Farallon Capital Management, L.L.C. performs its advisory services is located at One Maritime Plaza, San Francisco, CA 94111, 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 415-421-2132 or by fax 415-421-2133. The normal business hours are 6:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at faralloncapital.com.

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