Mp Securitized Credit Partners L.P. (New York)


Mp Securitized Credit Partners L.P. is a large advisory firm based in New York. It manages $770.75 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Mp Securitized Credit Partners 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.

Mp Securitized Credit Partners: assets under management

The assets under management (AUM) of Mp Securitized Credit Partners L.P. is $770.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 35% since the beginning of its operation, and $770.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $770.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.15 million each.

Investments

The firm invests in other assets the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mp Securitized Credit Partners L.P. 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.

What kind of clients Mp Securitized Credit Partners serves?

The firm provides services to charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Mp Securitized Credit Partners is pooled investment vehicles with 3 clients and $695.07 million of assets under management. Among the 9 most similar advisory firms, Mp Securitized Credit Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $770.75 million for 5 clients. 25% of the firm’s clients are foreign persons or businesses.

Mp Securitized Credit Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Mp Securitized Credit Partners L.P.

The company employs 12 people that are either part- or full-time employees. 67 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
Robert Howard Weiss Chief compliance officer and general counsel 1 Sep 2011 Other 2252096
Mp Structured Credit Partners Gp Llc General partner 1 Sep 2011 Other 45-3059149
Mp Structured Credit Holdings Lp Limited partner 1 Sep 2011 75% - 100% 45-3059216
L.P. Frontpoint Fsc Management Limited partner 1 Sep 2011 Other 45-1656758
Cameron Anthony Hillyer Chief financial officer 1 Jul 2012 Other 6027922
Rui Gao Chief financial officer 1 Feb 2016 Other 6628984
Peter J Cerwin Chief compliance officer 1 Sep 2018 Other 2160172

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Marc Robert Rosenthal Limited partner 1 Sep 2011 25% - 50% 2730814
Noelle J Savarese Limited partner 1 Sep 2011 25% - 50% 2187834
Matlinpatterson Asset Management L.P . Limited partner 1 Feb 2012 50% - 75% 27-2367080
Mpam Holdings L.P. Limited partner 1 Dec 2012 50% - 75% 46-2393994
Ag Allied World Assurance Co Holdings Limited partner 1 Dec 2012 25% - 50% 98-0681223
Mark Richard Patterson Limited partner 1 Dec 2012 25% - 50% 1155279
David Hackett Cody Limited partner 1 Dec 2012 25% - 50% 2498579
David Jeffrey Matlin Limited partner 1 Dec 2012 50% - 75% 1849103

Based in New York

The principal office where Mp Securitized Credit Partners L.P. performs its advisory services is located at 520 Madison Avenue, New York, NY 10022, 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 212-651-1635 or by fax 212-651-1639. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at matlinpatterson.com.