Mp Securitized Credit Partners L.P. (New York)

Name: Mp Securitized Credit Partners L.P.
Address: 520 Madison Avenue, New York, NY, 10022
Telephone: 212-651-1635

Mp Securitized Credit Partners L.P. is a large advisory firm based in New York. It manages $770.75 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Mp Securitized Credit Partners provides 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.

Mp Securitized Credit Partners: assets under management

The assets under management (AUM) of Mp Securitized Credit Partners L.P. is $770.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 35% since the beginning of its operation, and $770.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $770.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.15 million each.

Investments

The firm invests in other assets the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mp Securitized Credit Partners L.P. 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 Mp Securitized Credit Partners serves?

The firm provides services to charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Mp Securitized Credit Partners is pooled investment vehicles with 3 clients and $695.07 million of assets under management. Among the 9 most similar advisory firms, Mp Securitized Credit Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $770.75 million for 5 clients. 25% of the firm’s clients are foreign persons or businesses.

Mp Securitized Credit Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Mp Securitized Credit Partners L.P.

The company employs 12 people that are either part- or full-time employees. 67 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
Robert Howard Weiss	Chief compliance officer and general counsel	1 Sep 2011	Other	2252096
Mp Structured Credit Partners Gp Llc	General partner	1 Sep 2011	Other	45-3059149
Mp Structured Credit Holdings Lp	Limited partner	1 Sep 2011	75% - 100%	45-3059216
L.P. Frontpoint Fsc Management	Limited partner	1 Sep 2011	Other	45-1656758
Cameron Anthony Hillyer	Chief financial officer	1 Jul 2012	Other	6027922
Rui Gao	Chief financial officer	1 Feb 2016	Other	6628984
Peter J Cerwin	Chief compliance officer	1 Sep 2018	Other	2160172

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marc Robert Rosenthal	Limited partner	1 Sep 2011	25% - 50%	2730814
Noelle J Savarese	Limited partner	1 Sep 2011	25% - 50%	2187834
Matlinpatterson Asset Management L.P .	Limited partner	1 Feb 2012	50% - 75%	27-2367080
Mpam Holdings L.P.	Limited partner	1 Dec 2012	50% - 75%	46-2393994
Ag Allied World Assurance Co Holdings	Limited partner	1 Dec 2012	25% - 50%	98-0681223
Mark Richard Patterson	Limited partner	1 Dec 2012	25% - 50%	1155279
David Hackett Cody	Limited partner	1 Dec 2012	25% - 50%	2498579
David Jeffrey Matlin	Limited partner	1 Dec 2012	50% - 75%	1849103

Based in New York

The principal office where Mp Securitized Credit Partners L.P. performs its advisory services is located at 520 Madison Avenue, New York, NY 10022, 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 212-651-1635 or by fax 212-651-1639. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at matlinpatterson.com.