Caspian Capital, LP (New York)


Caspian Capital, LP is a large advisory firm based in New York. It manages $3.45 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New York.

Caspian Capital provides portfolio management for investment companies 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.

Caspian Capital: assets under management

The assets under management (AUM) of Caspian Capital, LP is $3.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and $2.53 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.45 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $313.28 million each.

Investments

The firm invests in non-exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is other assets, which make up 32% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Caspian Capital, LP 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 Theodore Grey Perkins serves?

The firm provides services to investment companies, other investment advisers, and pooled investment vehicles. The largest group of clients of Theodore Grey Perkins is pooled investment vehicles with 9 clients and $3.15 billion of assets under management. Among the 11 most similar advisory firms, Caspian Capital has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.45 billion for 11 clients. 45% of the firm’s clients are foreign persons or businesses.

Caspian Capital also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Caspian Capital, LP

The company employs 22 people that are either part- or full-time employees. 41 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.

Theodore Grey Perkins has been acting as President since 1 Jul 2015. Llc Oam Capital joined the executive team most recently as the Majority Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Caspian Capital Gp Llc General partner 1 Oct 2010 Other 0000000
Richard Daniel Holahan Chief operating officer 1 Dec 2010 Other 2380767
Mig Holdings Llc Limited partner 1 Dec 2010 Other 01-0609956
Mark Allen Weissman Non managing partner 1 Dec 2010 Other 2519548
Llc Mig Investment Holdings Limited partner 1 Dec 2010 Other 01-0609956
Mig Investment Holdings Llc Limited partner 1 Dec 2010 Other 01-0609956
Adele Kittredge Murray Chief compliance officer 1 Feb 2011 Other 2189674
Llc Wendover Road 5 Limited partner 1 Oct 2011 25% - 50% 0
Llc Frilene Holdings Limited partner 1 Oct 2011 25% - 50% 0
Llc C Squared Investment Group Limited partner 1 Oct 2011 Other 0
Terese Mccarthy Best Chief operating officer and chief risk officer 1 Jul 2015 Other 4239350
Theodore Grey Perkins President 1 Jul 2015 Other 5441490
Kathryn Murtagh General counsel 1 Aug 2015 Other 6535935
Christopher Michael Manz Chief financial officer 1 Aug 2015 Other 1603075

Indirect Owners

The SEC currently registers 18 indirect owners.

Name Entity Date acquired Ownership Employer ID
Orix Corporation Usa Majority shareholder 1 Aug 1981 75% - 100% 13-3095268
Llc Orix Global Asset Management Majority shareholder 1 Dec 2005 75% - 100% 20-3998374
David Nathan Corleto Manager member 1 Dec 2010 25% - 50% 3106703
Adam Stuart Cohen Manager member 1 Dec 2010 50% - 75% 4150861
Orix Am Holdings Llc Member 1 Dec 2010 50% - 75% 27-3789338
Llc Orix Usa Asset Management Member 1 Dec 2010 75% - 100% 27-3789218
Orix Usa Corporation Member 1 Dec 2010 75% - 100% 13-3095268
Orix Corporation Shareholder 1 Dec 2010 75% - 100% 13-2792249
Orix Mariner Holdings Llc Member 1 Dec 2010 50% - 75% 27-3789338
Llc Orix Global Asset Management Member 1 Dec 2010 75% - 100% 27-3789218
Llc Orix Capital Markets Member 1 Dec 2010 75% - 100% 75-2696071
Charles Raymond Howe Board member 1 Dec 2010 Other 2687201
Adam Stuart Cohen Managing member 1 Oct 2011 Other 4150861
David Nathan Corleto Managing member 1 Oct 2011 Other 3106703
Mark Allen Weissman Managing member 1 Nov 2011 Other 2519548
Llc Orix Opco Holdings Majority shareholder 1 Sep 2015 75% - 100% 75-2696071
Llc Oam Capital Majority shareholder 1 Feb 2019 50% - 75% 83-4067921
Llc Oam Holdings Majority shareholder 1 Feb 2019 75% - 100% 27-3890218

Based in New York

The principal office where Caspian Capital, LP performs its advisory services is located at 10 East 53 Rd Street, New York, NY 10022 5244, 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 212.826.6970 or by fax 212.826.6980. The normal business hours are 8:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at first.mitsubishiufjfundservices.com/.