Redmile Group, LLC (San Francisco)

Name: Redmile Group, LLC
Address: One Letterman Drive, San Francisco, CA, 94129
Telephone: 415-489-9980

Redmile Group, LLC is a large advisory firm based in San Francisco. It manages $5.45 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and New York.

Redmile Group provides portfolio management for individuals and small businesses and 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.

Redmile Group: assets under management

The assets under management (AUM) of Redmile Group, LLC is $5.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 49428% since the beginning of its operation, and $3.79 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.45 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $302.67 million each.

Redmile Group has custody of $2.62 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Redmile Group, LLC 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.

What kind of clients Redmile Group serves?

The only and largest group of clients of Redmile Group is pooled investment vehicles with 16 clients and $4.62 billion of assets under management. Among the 8 most similar advisory firms, Redmile Group has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.62 billion for 16 clients. 67% of the firm’s clients are foreign persons or businesses.

Redmile Group also advises several private funds. Namely, six hedge funds and six venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $50,000,000.

Careers at Redmile Group, LLC

The company employs 29 people that are either part- or full-time employees. 55 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
Jeremy Charles Green	Managing member	1 Mar 2007	50% - 75%	2810548
Josh Garcia	Chief compliance officer/chief financial officer	1 Feb 2008	Other	5501398
Bryan Ranney Crapo	Chief operating officer	1 Aug 2009	Other	4037652
Michael Stewart Lee	Managing director	1 Jan 2014	Other	4592196
Robert Carrington Faulkner	Managing director	1 Jan 2014	Other	2307354
Christopher Charles Oconnor	Managing director	1 Jan 2014	Other	2780290
Josh Garcia	Chief financial officer	1 Jan 2014	Other	5501398
Bryan Ranney Crapo	Chief operating officer	1 Jan 2014	Other	4037652
Joshua Charles Fisher	Managing director	1 Jul 2015	Other	2894323
Nitzan Sternberg	Chief compliance officer	1 Jan 2016	Other	5185611
Rachel Nmn Chang	Chief compliance officer	1 Feb 2018	Other	6916505

Based in San Francisco

The principal office where Redmile Group, LLC performs its advisory services is located at One Letterman Drive, San Francisco, CA 94129, 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 415-489-9980 or by fax 415-520-5516. The normal business hours are 7:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at redmilegroup.com.