Foresite Capital Management, LLC is a large advisory firm based in San Francisco. It manages $1.85 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and New York.
Foresite Capital Management 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 Foresite Capital Management, LLC is $1.85 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 172% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Foresite Capital Management, LLC 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 only and largest group of clients of Foresite Capital Management is pooled investment vehicles with 11 clients and $1.85 billion of assets under management. Among the 9 most similar advisory firms, Foresite Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.85 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.
Foresite Capital Management also advises several private funds. Namely, four hedge funds and seven private equity funds.
The company employs 55 people that are either part- or full-time employees. 45 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 Foresite Capital Management, LLC performs its advisory services is located at 600 Montgomery Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-877-4887 or by fax 415-805-6677. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at foresitecapital.com.