Light Street Capital Management, LLC (Palo Alto)

Light 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.

Light Street Capital Management: assets under management

The assets under management (AUM) of Light Street Capital Management, LLC is $2.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 743% since the beginning of its operation, and $2.05 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.36 million each.

Light Street Capital Management has custody of $1.38 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

The only and largest group of clients of Light Street Capital Management is pooled investment vehicles with 15 clients and $2.14 billion of assets under management. Among the 10 most similar advisory firms, Light Street Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.14 billion for 15 clients. 33% of the firm’s clients are foreign persons or businesses.

Light Street Capital Management also advises several private funds. Namely, seven hedge funds and eleven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Light Street Capital Management, LLC

The company employs 33 people that are either part- or full-time employees. 36 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

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Palo Alto

The principal office where Light Street Capital Management, LLC performs its advisory services is located at 525 University Avenue, Palo Alto, CA 94301, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-234-1640 or by fax 650-305-7820. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lightstreet.com.

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