Crescent Capital Group LP is a large advisory firm based in Los Angeles. It manages $24.68 billion of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Massachusetts, and New York.
Crescent Capital Group 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.
The assets under management (AUM) of Crescent Capital Group LP is $24.68 billion. The firm's AUM has grown by 16037% since the beginning of its operation, and $8.51 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Crescent Capital Group LP 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.
The firm provides services to insurance companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Crescent Capital Group is pooled investment vehicles with 73 clients and $18.1 billion of assets under management. Among the 12 most similar advisory firms, Crescent Capital Group has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $24.68 billion for 114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 32% of the firm’s clients are foreign persons or businesses.
Crescent Capital Group also advises several private funds. Namely, one hedge fund, thirteen other private funds, twenty five private equity funds, and thirteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $50,000,000.
The company employs 169 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 11 people 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 Crescent Capital Group LP performs its advisory services is located at 11100 Santa Monica Blvd., Los Angeles, CA 90025, 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 310-235-5900. The normal business hours are 7:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at crescentcap.com.