Sound Point Capital Management, LP (New York)

Name: Sound Point Capital Management, LP
Address: 375 Park Avenue, New York, NY, 10152
Telephone: (212) 895-2280

Sound Point Capital Management, LP is a large advisory firm based in New York. It manages $18.45 billion of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of New York and Texas.

Sound Point Capital Management provides portfolio management for investment companies, 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.

Sound Point Capital Management: assets under management

The assets under management (AUM) of Sound Point Capital Management, LP is $18.45 billion. The firm's AUM has grown by 17774% since the beginning of its operation, and $14.95 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $18.44 billion in discretionary accounts and $1.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $485.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $870.08 thousand.

Investments

The firm invests in other assets the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sound Point Capital Management, LP 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 Sound Point Capital Management serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sound Point Capital Management is pooled investment vehicles with 28 clients and $14.98 billion of assets under management. Among the 12 most similar advisory firms, Sound Point Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $18.45 billion for 40 clients. 71% of the firm’s clients are foreign persons or businesses.

Sound Point Capital Management also advises several private funds. Namely, six hedge funds, one other private fund, and nineteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $32,250 to $5,000,000.

Careers at Sound Point Capital Management, LP

The company employs 60 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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
Stephen Jerome Ketchum	Managing partner	1 Sep 2009	50% - 75%	1274772
Llc Spc Partners Gp	General partner	1 Sep 2009	Other	26-3357609
Ketchum Partners Llc	Limited partner	1 Sep 2009	50% - 75%	26-1600148
James Dawson Carey	Member, board of managers	1 Nov 2009	Other	2656436
Llc Ellipse Holding	Direct owner	1 Nov 2009	25% - 50%	20-5986257
Kevin Peter Gerlitz	Cfo	1 Apr 2010	Other	1355593
Brian Matthew Feldman	General counsel and chief compliance officer	1 Jan 2014	Other	4860209
Charles Arthur Davis	Limited partner	1 Oct 2014	Other	816660
Stephen Nmn Friedman	Limited partner	1 Oct 2014	Other	214729
David Jay Wermuth	Limited partner	1 Oct 2014	Other	5473034
Nicolas David Zerbib	Limited partner	1 Oct 2014	Other	5473031
Wendy Rapp Ruberti	General counsel and chief compliance officer	1 Feb 2017	Other	4334529
Dyal Capital Partners Ii (A) Lp	Limited partner of sound point capital management lp	1 Mar 2017	Other	98-1130800
Sarah Zeller Seelaus	Chief operating officer	1 Sep 2018	Other	7072373

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Jerome Ketchum	Managing member	1 Sep 2008	75% - 100%	1274772
Neuberger Berman Group Llc	Managing member	1 Feb 2009	75% - 100%	61-1591182
Nb Alternatives Holdings Llc	Managing member	1 Feb 2009	75% - 100%	80-0357916
Nbsh Acquisition Llc	Member	1 Feb 2009	75% - 100%	26-4383171
Charles Arthur Davis	Member	1 Nov 2009	25% - 50%	816660
Stephen Friedman	Member	1 Nov 2009	25% - 50%	214729
David Jay Wermuth	Managing member	1 Nov 2009	Other	5473034
Nicolas David Zerbib	Managing member	1 Nov 2009	Other	5473031
Stephen Nmn Friedman	Managing member	1 Nov 2009	25% - 50%	214729
Nb Alternatives Gp Holdings Llc	Managing member	1 Feb 2010	75% - 100%	80-0357937
Nb Dyal Gp Holdings Llc	General partner	1 Aug 2013	Other	27-2302165
Nb Dyal Associates Ii Lp	General partner	1 Sep 2013	Other	98-1130391

Based in New York

The principal office where Sound Point Capital Management, LP performs its advisory services is located at 375 Park Avenue, New York, NY 10152, 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) 895-2280. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at soundpointcap.com.