Lehman Brothers Private Fund Management, LP (New York)

Lehman Brothers Private Fund Management, LP is a related adviser based in New York. It manages $23.3 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Lehman Brothers Private Fund Management provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lehman Brothers Private Fund Management: assets under management

The assets under management (AUM) of Lehman Brothers Private Fund Management, LP is $23.3 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.3 million each.

Lehman Brothers Private Fund Management has custody of $12.78 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lehman Brothers Private Fund Management, LP for their services and products based on a percentage of assets under management. 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 Lehman Brothers Private Fund Management serves?

The only and largest group of clients of Lehman Brothers Private Fund Management is pooled investment vehicles with 1 clients and $23.3 million of assets under management. Among the 3 most similar advisory firms, Lehman Brothers Private Fund Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.3 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Lehman Brothers Private Fund Management doesn't advise any private funds.

Careers at Lehman Brothers Private Fund Management, LP

The company employs 1 person that is either a part- or full-time employee. 100 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
Lehman Brothers Holdings Inc	Member	1 Mar 2001	75% - 100%	13-3216325
Llc Lehman Brothers Private Funds Investment Company Lp	Limited partner	1 Oct 2003	75% - 100%	20-0281545
Llc Lehman Brothers Private Fund Management Gp	General partner	1 Oct 2003	Other	20-0281780
Joseph Abraham Malick	Managing director & investment committee member	1 Oct 2003	Other	4355203
John Paul Buser	Managing director & investment committee member	1 Oct 2003	Other	4355194
Brien Patrick Smith	Managing director & investment committee member	1 Oct 2003	Other	4517835
Anthony David Tutrone	Managing director & investment committee member	1 Dec 2003	Other	2264582
Steven Lyle Berkenfeld	Managing director & investment committee member	1 Dec 2003	Other	4490811
Cindy Zee Michel	Chief compliance officer	1 Feb 2005	Other	4661808
David Stanley Stonberg	Senior vice president & investment committee member	1 Aug 2005	Other	2388790
Ruth Ellen Horowitz	Managing director & investment committee member	1 Sep 2005	Other	1767802
Garrett Scott Ho	Chief compliance officer	1 Apr 2007	Other	5327424
Edward Stephen Grieb	Chief financial officer	1 Nov 2008	Other	4351191
William Jay Fox	Director of the general partner, evp and cfo	1 Dec 2008	Other	5060017
Douglas James Lambert	Vice president	1 Jan 2010	Other	5785760
Ashvin Bolineni Rao	Chief compliance officer	1 May 2010	Other	5060824
Ashvin Bolineni Rao	Vice president and cco	1 Nov 2010	Other	5060824
John Kingsland Suckow	Director of the general partner, president and coo	1 Nov 2010	Other	5667603
Brian Raymond Mccarthy	Vice president, director of the general partner	1 Jan 2014	Other	5365743
Deborah Michelle Nordell	Director of the general partner, vice president of the general partner, and cco	1 Jan 2014	Other	4627939
Brian Raymond Mccarthy	Vice president of the general partner, director of the general partner, cco	1 Jun 2016	Other	5365743

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Lehman Brothers Private Funds Investment Company Gp	Sole member	1 Oct 2003	75% - 100%	20-0281545
Lehman Brothers Holdings Inc.	Sole member	1 Oct 2003	75% - 100%	13-3216325
Lehman Brothers Holdings Inc. Plan Trust	Shareholder	1 Mar 2012	75% - 100%	30-6315144

Based in New York

The principal office where Lehman Brothers Private Fund Management, LP performs its advisory services is located at 277 Park Avenue, New York, NY 10172, 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 646-285-9000 or by fax 646-607-9393. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday.