Thl Credit Advisors LLC (Boston)

Name: Thl Credit Advisors LLC
Address: 100 Federal Street, Boston, MA, 02110 1883
Telephone: 800-450-4424

Thl Credit Advisors LLC is a large advisory firm based in Boston. It manages $12.27 billion of regulatory assets for 49 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Illinois, Massachusetts, New York, and Texas.

Thl Credit Advisors 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.

Thl Credit Advisors: assets under management

The assets under management (AUM) of Thl Credit Advisors LLC is $12.27 billion. The firm's AUM has grown by 4624% since the beginning of its operation, and $10.15 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.26 billion in discretionary accounts and $7.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.92 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.51 million.

Investments

The firm invests in other assets the most. They account for 90% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 4% of the firm’s portfolio. Investments in pooled investment vehicles form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thl Credit Advisors LLC 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 Thomas Martin Hagerty serves?

The firm provides services to investment companies, pooled investment vehicles, and business development companies. The largest group of clients of Thomas Martin Hagerty is pooled investment vehicles with 36 clients and $10.83 billion of assets under management. Among the 9 most similar advisory firms, Thl Credit Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.09 billion for 45 clients. 58% of the firm’s clients are foreign persons or businesses.

Thl Credit Advisors also advises several private funds. Namely, twelve other private funds and twenty two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Thl Credit Advisors LLC

The company employs 36 people that are either part- or full-time employees. 53 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.

Thomas Martin Hagerty has been acting as President since 1 Feb 2013. Sabrina Rusnak Carlson joined the executive team most recently as the General Counsel & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Thlp Debt Partners	Holder of class a units	1 Jun 2009	50% - 75%	26-0654808
James Kelso Hunt	Chief executive officer and member	1 Jun 2009	Other	2519136
Sam Wood Tillinghast	Chief operating officer and member	1 Jun 2009	Other	2541263
Charles Albert Brizius	Director	1 Jun 2009	Other	2168268
Terrence W Olson	Chief financial officer and chief compliance officer (interim)	1 Jun 2009	Other	5688315
Terrence William Olson	Chief financial officer, chief compliance officer (interim) and managing member	1 Jun 2009	Other	5688315
Terrence William Olson	Managing director, chief financial officer, chief operating officer & holder of class a-2 and class b units	1 Apr 2010	Other	5688315
Stephanie Pare Sullivan	Managing director, chief legal officer, general counsel & holder of class a-2 and class b units	1 Apr 2010	Other	5834073
Wendell Hunter Stropp	President & holder of class a-2 and class b units	1 Apr 2010	Other	5834213
James Kelso Hunt	Chief executive officer, chief investment officer & director	1 Apr 2010	Other	2519136
Sam Wood Tillinghast	Co-president and chief risk officer	1 Apr 2010	Other	2541263
Thomas Martin Hagerty	Director	1 Feb 2013	Other	4448875
Mari Heather Birmingham	Chief compliance officer	1 Sep 2013	Other	2752693
James Kelso Hunt	Executive chairman & director & holder of class a-2 units	1 Jul 2014	Other	2519136
Sam Wood Tillinghast	Co-chief executive officer and co-chief investment officer, & holder of class b units	1 Jul 2014	Other	2541263
Christopher John Flynn	Co-chief executive officer & co-chief investment officer	1 Jul 2014	Other	2803373
Anthony Joseph Dinovi	Director	1 Apr 2015	Other	4448879
Joshua Dale Bresler	Director	1 Apr 2015	Other	4241637
Sabrina Rusnak Carlson	General counsel	1 Dec 2015	Other	6603519
James Ray Fellows	Director and chief investment officer	1 Feb 2017	Other	1862427
Howard Wu	Co-head of direct lending	1 Feb 2017	Other	6759202
William Montgomery Cook	Co-head of direct lending	1 Feb 2017	Other	2372343
Brian Winston Good	Senior managing director	1 Nov 2017	Other	1807367
Christopher John Flynn	Chief executive officer, director	1 Dec 2017	Other	2803373
Sabrina Rusnak Carlson	General counsel & chief compliance officer	1 Feb 2018	Other	6603519

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Great West Investors Lp	Limited partner	1 Jun 2009	25% - 50%	26-0622039
Llc Thlp Debt Advisors	General partner	1 Jun 2009	Other	26-0654081
Great West Investors Lp Inc.	Limited partner	1 Jun 2009	75% - 100%	26-0621883
Great West Investors Gp Inc.	General partner	1 Jun 2009	Other	26-0621944
Great West Investors Llc	Sole shareholder	1 Jun 2009	75% - 100%	26-0621804
Gwl Thl Private Equity I Inc.	Sole member	1 Jun 2009	75% - 100%	00-0000000
The Great West Life Assurance Company	Sole shareholder	1 Jun 2009	75% - 100%	00-0000000
Great West Lifeco Inc.	Sole shareholder	1 Jun 2009	75% - 100%	98-0422127
Llc Thlp Debt Advisors	General partner	1 Apr 2010	Other	26-0654081

Based in Boston

The principal office where Thl Credit Advisors LLC performs its advisory services is located at 100 Federal Street, Boston, MA 02110 1883, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-450-4424 or by fax 617-790-7099. The normal business hours are 9 am - 5pm on Monday - Friday. You can find more information about the New York firm at thlcredit.com and its LinkedIn profile.