Sycamore Partners Management, L.P. (New York)

Name: Sycamore Partners Management, L.P.
Address: 9 West 57 Th Street, New York, NY, 10019 2701
Telephone: (212) 796-8500

Sycamore Partners Management, L.P. is a large advisory firm based in New York. It manages $9.07 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Sycamore Partners 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.

Sycamore Partners Management: assets under management

The assets under management (AUM) of Sycamore Partners Management, L.P. is $9.07 billion. The firm's AUM has grown by 116% since the beginning of its operation, and $7.36 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.97 billion in discretionary accounts and $96.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $598.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $96.21 million.

Sycamore Partners Management has custody of $3.89 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sycamore Partners 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 Sycamore Partners Management serves?

The only and largest group of clients of Sycamore Partners Management is pooled investment vehicles with 16 clients and $9.07 billion of assets under management. Among the 10 most similar advisory firms, Sycamore Partners Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.07 billion for 16 clients. 50% of the firm’s clients are foreign persons or businesses.

Sycamore Partners Management also advises several private funds. Namely, sixteen private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $25,000,000.

Careers at Sycamore Partners Management, L.P.

The company employs 34 people that are either part- or full-time employees. 65 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
Stefan Lanier Kaluzny	Managing director and limited partner	1 Jul 2011	75% - 100%	6028593
Peter Thomas Morrow	Managing director	1 Jul 2011	Other	6028605
Stefan L. Kaluzny	Managing director and limited partner	1 Jul 2011	75% - 100%	6028593
Peter Morrow	Managing director	1 Jul 2011	Other	6028605
John Dever Woodworth	Chief compliance officer and chief financial officer	1 Jan 2012	Other	6028608
John Woodworth	Chief compliance officer and chief financial officer	1 Jan 2012	Other	6028608
L.L.C. Sycamore Partners Management Gp	General partner	1 Jul 2015	Other	47-4813075
Carla Pilar Vogel	Chief compliance officer	1 May 2019	Other	5155087

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stefan Lanier Kaluzny	Managing member	1 Jul 2015	75% - 100%	6028593
Stefan L. Kaluzny	Managing member	1 Jul 2015	75% - 100%	6028593

Based in New York

The principal office where Sycamore Partners Management, L.P. performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019 2701, 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) 796-8500 or by fax (212) 796-8560. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at sycamorepartners.com.