King Street Capital Management, L.P. (New York)

Name: King Street Capital Management, L.P.
Address: 299 Park Avenue, New York, NY, 10171
Telephone: 212-812-3100

King Street Capital Management, L.P. is a large advisory firm based in New York. It manages $26.06 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New York and Virginia.

King Street 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.

King Street Capital Management: assets under management

The assets under management (AUM) of King Street Capital Management, L.P. is $26.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and $16.56 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.86 billion each.

King Street Capital Management has custody of $17.65 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay King Street Capital Management, 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 King Street Capital Management serves?

The only and largest group of clients of King Street Capital Management is pooled investment vehicles with 14 clients and $26.06 billion of assets under management. Among the 11 most similar advisory firms, King Street Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $26.06 billion for 14 clients. 79% of the firm’s clients are foreign persons or businesses.

King Street Capital Management also advises several private funds. Namely, six hedge funds and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at King Street Capital Management, L.P.

The company employs 223 people that are either part- or full-time employees. 42 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
Ltd. King Street European Advisors	Managing member of king street (europe) llp	1 May 2005	75% - 100%	foreign
L.P. King Street Capital Management	Sole shareholder of king street (singapore) pte. ltd.	1 Jun 2005	75% - 100%	156785
L.P. King Street Capital Management	Sole shareholder of king street (japan) limited	1 Apr 2006	75% - 100%	156785
L.L.C. King Street Capital Management Gp	General partner	1 Jan 2009	Other	26-3852370
Ottavio Francis Biondi	Managing member of king street capital management gp, l.l.c.	1 Jan 2009	Other	2071146
Brian Joseph Higgins	Managing member of king street capital management gp, l.l.c.	1 Jan 2009	Other	1989900
Bruce Scott Darringer	Chief operating officer and member of king street capital management gp, l.l.c.	1 Jan 2009	Other	4124228
John James Ryan	Chief financial officer	1 Jan 2009	Other	6021238
L.L.C. King Street Membership Holdings I	Limited partner	1 Jan 2009	25% - 50%	45-4430803
L.L.C. King Street Membership Holdings Ii	Limited partner	1 Jan 2009	25% - 50%	45-4430641
Franklin Spicer Edmonds	Senior research analyst and member of king street capital management gp, l.l.c.	1 Jan 2009	Other	2790930
Joshua Jac Feldman	General counsel	1 Jan 2009	Other	6021234
David Jakob Nash	Executive director of king street (singapore) pte. ltd.	1 Jan 2011	Other	6022319
Ricardo Marano	Chief compliance officer & counsel	1 Jan 2012	Other	6021241
John James Ryan	Chief financial officer and member of king street capital management gp, l.l.c.	1 Apr 2012	Other	6021238
Randolph Arthur Stuzin	General counsel	1 Mar 2014	Other	4645056
L.P. Rockford Tower Holdings	Managing member of rockford tower capital management, l.l.c.	1 Feb 2017	75% - 100%	foreign entity

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Joseph Higgins	Member	1 Apr 1995	25% - 50%	1989900
Ottavio Francis Biondi	Member	1 Apr 1995	25% - 50%	2071146
L.L.C. King Street Advisors	General partner	1 Apr 1995	Other	13-3812173
L.P. King Street Capital Management	Sole shareholder	1 Apr 2005	75% - 100%	156785
Ltd. King Street Capital	Shareholder	1 Jan 2009	75% - 100%	foreign entity
L.P. King Street Capital Management	Shareholder	1 Jan 2017	75% - 100%	156785
Ltd. Rockford Tower Holdings Gp	General partner	1 Feb 2017	Other	foreign entity
Ltd. King Street Capital Master Fund	Limited partner	1 Feb 2017	25% - 50%	foreign entity
L.P. King Street Capital	Limited partner	1 Feb 2017	25% - 50%	13-3812174

Based in New York

The principal office where King Street Capital Management, L.P. performs its advisory services is located at 299 Park Avenue, New York, NY 10171, which is also the mailing address of the firm. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-812-3100 or by fax 646-289-7690. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at kingstreet.com.