Ivy Hill Asset Management, L.P. (New York)


Ivy Hill Asset Management, L.P. is a large advisory firm based in New York. It manages $4.91 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Delaware, Georgia, and New York.

Ivy Hill Asset Management 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 doesn't engage in other business activities.

Ivy Hill Asset Management: assets under management

The assets under management (AUM) of Ivy Hill Asset Management, L.P. is $4.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 42% since the beginning of its operation, and $3.86 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.91 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.46 million each.
Ivy Hill Asset Management has custody of $673.7 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ivy Hill Asset 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 Kevin Robert Braddish serves?

The only and largest group of clients of Kevin Robert Braddish is pooled investment vehicles with 22 clients and $4.6 billion of assets under management. Among the 6 most similar advisory firms, Ivy Hill Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.6 billion for 22 clients. 71% of the firm’s clients are foreign persons or businesses.

Ivy Hill Asset Management also advises several private funds. Namely, one hedge fund, six other private funds, two private equity funds, and fifteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Ivy Hill Asset Management, L.P.

The company employs 20 people that are either part- or full-time employees. 85 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.

Kevin Robert Braddish has been acting as President since 1 Apr 2015. Penelope Facemire Roll joined the executive team most recently as the Elected Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Ivy Hill Asset Management Gp General partner 1 Nov 2007 Other 26-1468277
Kevin Robert Braddish Co-president 1 Aug 2011 Other 5485681
Ryan Stuart Cascade Co-president 1 Aug 2011 Other 6028813
Penelope Facemire Roll Chief financial officer 1 Aug 2011 Other 4374072
Michael J (Mi Only) Arougheti Vice president 1 Aug 2011 Other 2735734
Miriam Goldsmith Krieger Chief compliance officer 1 Mar 2012 Other 6028814
Kevin Robert Braddish President 1 Apr 2015 Other 5485681

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Ares Capital Corporation Member 1 Nov 2007 75% - 100% 33-1089684
Michael J (Mi Only) Arougheti Elected manager 1 Nov 2007 Other 2735734
Mitchell Scott Goldstein Elected manager 1 Nov 2007 Other 2383425
Robert Kipp Deveer Elected manager 1 Nov 2007 Other 4510479
Michael L. Smith Elected manager 1 Nov 2007 Other 4534440
Richard Scott Davis Elected manager 1 Nov 2007 Other 5285711
Penelope Facemire Roll Elected manager 1 Feb 2013 Other 4374072

Based in New York

The principal office where Ivy Hill Asset Management, L.P. performs its advisory services is located at 245 Park Avenue, New York, NY 10167 0002, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-750-7300. The normal business hours are 9am - 5:30pm est on Monday - Friday. You can find more information about the New York firm at aresmgmt.com.