Industrial Development Funding LLC (New York)

Name: Industrial Development Funding LLC
Address: 250 Park Avenue, New York, NY, 10017
Telephone: 646.435.1139

Industrial Development Funding LLC is a mid-sized advisory firm based in New York. It manages $25.57 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018.

Industrial Development Funding provides 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.

Industrial Development Funding: assets under management

The assets under management (AUM) of Industrial Development Funding LLC is $25.57 million. The firm's AUM has grown by 0% since the beginning of its operation, and $23.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2 million in discretionary accounts and $23.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.78 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Industrial Development Funding 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 Industrial Development Funding serves?

The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of Industrial Development Funding is state or municipal government entities with 2 clients and $23.57 million of assets under management. Among the 2 most similar advisory firms, Industrial Development Funding has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $25.57 million for 3 clients. 66% of the firm’s clients are foreign persons or businesses.

Industrial Development Funding doesn't advise any private funds.

Careers at Industrial Development Funding LLC

The company employs 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nikhil Gerard Nunes	Ceo/cco	1 May 2018	75% - 100%	6540251
Taylor Tripucka	Cfo	1 Jun 2018	Other	6984110

Based in New York

The principal office where Industrial Development Funding LLC performs its advisory services is located at 250 Park Avenue, New York, NY 10017, 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 646.435.1139. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/industrialdevelopmentfunding/about/ and its LinkedIn profile.