Cvc Credit Partners, LLC (New York)


Cvc Credit Partners, LLC is a large advisory firm based in New York. It manages $16.09 billion of regulatory assets for 59 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Cvc Credit Partners provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and sub advisory or management services to an affiliated collateral manager.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cvc Credit Partners: assets under management

The assets under management (AUM) of Cvc Credit Partners, LLC is $16.09 billion. The firm's AUM has grown by 190% since the beginning of its operation, and $15.25 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $15.38 billion in discretionary accounts and $717.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $239.07 million.
Cvc Credit Partners has custody of $5.09 billion in cash and securities for 21 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 45% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in pooled investment vehicles form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cvc Credit Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cvc Credit Partners serves?

The only and largest group of clients of Cvc Credit Partners is pooled investment vehicles with 44 clients and $12.47 billion of assets under management. Among the 4 most similar advisory firms, Cvc Credit Partners has the 2nd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.47 billion for 44 clients. 89% of the firm’s clients are foreign persons or businesses.

Cvc Credit Partners also advises several private funds. Namely, nineteen hedge funds, one other private fund, and twenty eight securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $11,450,000.

Careers at Cvc Credit Partners, LLC

The company employs 116 people that are either part- or full-time employees. 46 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 12 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Christopher Dillon Allen Partner, chief operating officer, and managing board member 1 Jan 2005 Other 4504457
Gretchen Lee Bergstresser Partner, senior portfolio manager. and managing board member 1 Jan 2005 Other 2330229
Darshan Vishnu Patel Chief legal officer and chief compliance officer 1 Jan 2005 Other 4477767
Jonathan Zubrow Cohen Managing board member 1 Jan 2005 Other 4874035
Jeffrey Dean Blomstrom Managing board member and senior vice president 1 Jan 2005 Other 4399686
Thomas Charles Elliott Chief financial officer 1 Jan 2005 Other 4885673
Jennifer Ann Patrickakos Vice president and managing board member 1 Feb 2005 Other 2945419
Jonathan Christian Bowers Director of cvc credit partners group limited and cvc credit partners investment management limited 1 Mar 2007 Other 6695745
L.P. Cvc Credit Partners Sole member 1 Apr 2012 75% - 100% 72-0654145
Stephen Peter Hickey Partner, chief investment officer, and managing board member 1 Apr 2012 Other 1736697
Thomas Lane Newberry Partner & head of private funds 1 Sep 2012 Other 2120648
Mark Evan Denatale Partner; director of cvc credit partners limited and cvc credit partners investment management limited 1 Feb 2013 Other 2526576
Brandon Freeman Randolph Bradkin Coo; director of cvc credit partners limited and cvc credit partners investment management limited 1 Dec 2013 Other 6695743
Simon Paul Andrew Riley Director of cvc credit partners european investment fund management limited 1 Jul 2014 Other 6468775
Douglas Jeffrey Maccabe Director of cvc credit partners european investment fund management limited 1 Jul 2014 Other 6695756
Cvc Credit Partners Emms Holdco 2 L.P. Sole member of cvc credit partners european investment fund manager limited 1 Sep 2014 75% - 100% foreign entity
Neale David Broadhead Director of cvc credit partners european investment fund management limited 1 Feb 2015 Other 6695747
Richard Perris General counsel & chief compliance officer 1 Jun 2015 Other 6555068
Richard Charles Perris General counsel 1 Jun 2015 Other 6555068
Anastasiya Vladimirovna Spector Chief compliance officer of cvc credit partners, llc 1 Jan 2016 Other 4463569
Susanna Lylyn Seng Aml compliance officer of cvc credit partners group limited and cvc credit partners investment management limited 1 Jul 2016 Other 6695610
Veyoma Thushari Hevamanage Aml compliance officer of cvc credit partners limited and cvc credit partners investment management limited 1 Aug 2017 Other 6864421
Cvc Credit Partners Investment Management Limited Sole member of cvc credit partners, llc 1 Nov 2018 75% - 100% foreign entity

Indirect Owners

The SEC currently registers 16 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Resource America Sole shareholder of resource financial fund management, inc. 1 May 2002 25% - 50% 72-0654145
Cvc Credit Partners Group Limited Sole shareholder 1 Oct 2006 75% - 100% foreign entity
Cvc Credit Partners Group Limited Sole shareholder 1 Nov 2010 75% - 100% foreign entity
Cvc Credit Partners General Partner Limited General partner 1 Feb 2012 Other foreign entity
Cvc Credit Partners Holdings Limited Partner of cvc credit partners, l.p. 1 Apr 2012 50% - 75% 623 12914 19900
Cvc Credit Partners L.P. Majority shareholder 1 Apr 2012 75% - 100% foreign entity
Cvc Credit Partners General Partner Limited Partner 1 Apr 2012 Other cc10949
Inc. Resource Financial Fund Management Partner of cvc credit partners, l.p. 1 May 2012 25% - 50% 04-3686974
Cvc Credit Partners Emms Holdco 2 L.P. 99% holder 1 Sep 2015 75% - 100% foreign entity
Cvc Credit Partners Group Limited 99% shareholder 1 Sep 2015 75% - 100% foreign entity
Cvc Capital Partners Credit Partners Holdings Iii Limited Majority shareholder 1 Dec 2015 75% - 100% foreign entity
Cvc Capital Partners Credit Partners Holdings Limited Majority shareholder 1 Jan 2016 75% - 100% foreign entity
Cvc Credit Partners Group Holding Foundation Majority shareholder 1 Jan 2016 75% - 100% foreign entity
Cvc Capital Partners Credit Partners Holdings Iii Limited Shareholder 1 Jan 2016 75% - 100% cc11793/sc1
Cvc Capital Partners Credit Partners Holdings Iii Limited Majority shareholder 1 Nov 2018 75% - 100% foreign entity
Cvc Credit Partners L.P. Sole shareholder 1 Nov 2018 75% - 100% foreign entity

Based in New York

The principal office where Cvc Credit Partners, LLC performs its advisory services is located at 712 5 Th Avenue, New York, NY 10019, 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 212-506-3858. The normal business hours are 8:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at cvc.com and its LinkedIn profile.