Torchlight Investors, LLC (New York)

Name: Torchlight Investors, LLC
Address: 280 Park Avenue, New York, NY, 10017
Telephone: 212-883-2800

Torchlight Investors, LLC is a large advisory firm based in New York. It manages $4.18 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut and New York.

Torchlight Investors 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 also engages as rated special servicer.

Torchlight Investors: assets under management

The assets under management (AUM) of Torchlight Investors, LLC is $4.18 billion. The firm's AUM has gone down by -1% since the beginning of its operation, and $43.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.7 billion in discretionary accounts and $478.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $462.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $119.57 million.

Torchlight Investors has custody of $3.67 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Torchlight Investors, 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 Joseph Holmes Cary serves?

The only and largest group of clients of Joseph Holmes Cary is pooled investment vehicles with 12 clients and $4.18 billion of assets under management. Among the 12 most similar advisory firms, Torchlight Investors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.18 billion for 12 clients. 10% of the firm’s clients are foreign persons or businesses.

Torchlight Investors also advises several private funds. Namely, two hedge funds, one other private fund, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $3,000,000 to $10,000,000.

Careers at Torchlight Investors, LLC

The company employs 56 people that are either part- or full-time employees. 39 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.

Joseph Holmes Cary has been acting as President since 1 Mar 2011. Felipe Dorregaray joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Simon Heflin	President, chief executive officer, chief investment officer, board member (elected manager)	1 Jan 1998	Other	4380376
Llc Cp Asset Holdings	Member	1 Jan 1998	25% - 50%	13-4030255
Llc Torch Conerly	Member	1 Jan 1998	Other	83-0380148
Stephen J Furnary	Supervisory board member (elected manager)	1 Jan 1998	Other	2583676
Frank L. Sullivan	Supervisory board member (elected manager)	1 Jan 1998	Other	4380378
Stephen Joel Furnary	Supervisory board member (elected manager)	1 Jan 1998	Other	2583676
Frank Louis Sullivan	Supervisory board member (elected manager)	1 Jan 1998	Other	4380378
Llc Lytham	Member	1 May 2003	Other	03-0529541
Gerald Vincent Cammarata	Chief compliance officer	1 Jul 2009	Other	4511460
Ivor Trevor Rozowsky	Chief credit officer and supervisory board member (elected manager)	1 Nov 2009	Other	2694452
Ramalingam Ganesh	Chief financial officer	1 Dec 2009	Other	2613857
New Holdco Llc	Member	1 Jul 2010	25% - 50%	27-3182869
Stephen Carson Wilhoit	Chief operating officer	1 Aug 2010	Other	4452085
Joseph Holmes Cary	Director	1 Mar 2011	Other	2745120
Robert Stuart Kopchains	Board member (elected manager)	1 Apr 2011	Other	4380383
Patrick James Tully	Supervisory board member (elected manager)	1 Apr 2011	Other	2954150
Torchlight Holdings Llc	Member	1 Sep 2011	75% - 100%	36-4730458
Torch Conerly Iii Llc	Member	1 Nov 2011	Other	applied for
Steven Z Schwartz	Board member (elected manager)	1 Dec 2011	Other	3015599
Ramalingam Ganesh	Chief compliance officer	1 Mar 2012	Other	2613857
Marshall Reiss	Chief compliance officer	1 Nov 2012	Other	6141261
William Stasiulatis	Board member (elected manager)	1 Mar 2013	Other	6178597
Marc Young	Chief credit officer	1 Mar 2013	Other	6178600
Marc Steven Young	Co-chief investment officer, board member	1 Mar 2013	Other	6178600
Joseph Holmes Cary	Chief compliance officer	1 Sep 2013	Other	2745120
Richard Metsch	Chief compliance officer	1 Dec 2014	Other	6427969
Richard Howard Metsch	Chief compliance officer	1 Dec 2014	Other	6427969
Michael Alan Romo	Board member	1 Mar 2016	Other	5636766
Sanford Nmn Weintraub	Chief operating officer	1 Oct 2016	Other	6775128
Felipe Dorregaray	Chief operating officer	1 Apr 2018	Other	2780672

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Baines	Member	1 May 2003	75% - 100%	4650536
Cpcah Acquisition Ii Llc	Member	1 Jul 2010	50% - 75%	27-3037672
Llc Torch Conerly Ii	Member	1 Jul 2010	50% - 75%	27-3032083
Daniel Simon Heflin	Member	1 Jul 2010	75% - 100%	4380376
Llc Torch Conerly	Member	1 Sep 2011	50% - 75%	83-0380148
Cpcah Acquisition Ii Llc	Member	1 Sep 2011	25% - 50%	27-3037672
Llc Torch Conerly Ii	Member	1 Sep 2011	25% - 50%	27-3032083
Llc Cp Capital Asset Holdings	Member	1 Sep 2011	25% - 50%	13-4030257
Daniel Simon Heflin	Member	1 Sep 2011	75% - 100%	4380376

Based in New York

The principal office where Torchlight Investors, LLC performs its advisory services is located at 280 Park Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-883-2800 or by fax 212-883-2560. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at torchlightinvestors.com.