Radcliffe Capital Management, L.P. (Bala Cynwyd)

Name: Radcliffe Capital Management, L.P.
Address: 50 Monument Road, Bala Cynwyd, PA, 19004
Telephone: 610-617-5900

Radcliffe Capital Management, L.P. is a large advisory firm based in Bala Cynwyd. It manages $3.49 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Pennsylvania.

Radcliffe Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio mgmt for government entities. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Radcliffe Capital Management: assets under management

The assets under management (AUM) of Radcliffe Capital Management, L.P. is $3.49 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1099% since the beginning of its operation, and $2.12 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.49 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $205.49 million each.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 38% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

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

The firm provides services to pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of Radcliffe Capital Management is pooled investment vehicles with 10 clients and $2.68 billion of assets under management. Among the 7 most similar advisory firms, Radcliffe Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.38 billion for 12 clients. 50% of the firm’s clients are foreign persons or businesses.

Radcliffe Capital Management also advises several private funds. Namely, three hedge funds and one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Radcliffe Capital Management, L.P.

The company employs 14 people that are either part- or full-time employees. 43 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
David Katznelson	Trustee	1 Dec 1996	Other	5057745
Laurie L Mackimmie	Trustee	1 Jun 2002	Other	5057790
Llc Rgc Management Company	General partner	1 Aug 2002	Other	11-3654070
Steve Brett Katznelson	Managing director/limited partner	1 Aug 2002	25% - 50%	1985269
Trust Fbo Jacob Katznelson	Limited partner	1 Aug 2002	Other	23-7871295
Trust Fbo Sarah Katznelson	Limited partner	1 Aug 2002	Other	23-7871292
Trust Fbo Emily Katznelson	Limited partner	1 Aug 2002	Other	25-6813081
Maria Rose Mcgarry	General counsel and chief compliance officer	1 May 2005	Other	4418483
Matthew Allen Cassidy	Chief financial officer	1 Jan 2009	Other	5636335
Christopher L Hinkel	Managing director/limited partner	1 Jul 2009	25% - 50%	5700966
Daneen Elizabeth Downey	General counsel & chief compliance officer	1 Sep 2011	Other	4758790
Idlewild Associates Lp	Limited partner	1 Sep 2012	Other	35-2442897
Loretta Ann Best	General counsel & chief compliance officer	1 Mar 2014	Other	4370929

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gerald Francis Stahlecker	Managing member	1 Aug 2002	Other	5057170
The Steven B. Katznelson 2012 Trust F/B/O Sarah Grace Katznelson	Limited partner	1 Feb 2012	25% - 50%	38-7028604
The Steven B. Katznelson 2012 Trust F/B/O Emily Tess Katznelson	Limited partner	1 Feb 2012	25% - 50%	38-7028605
The Steven B. Katznelson 2012 Trust F/B/O Jacob Mark Katznelson	Limited partner	1 Feb 2012	25% - 50%	38-7028606
Idlewild Associates Gp Llc	General partner	1 Feb 2012	Other	45-5029041
Christopher L Hinkel	Trustee	1 Feb 2012	Other	5700966
Laurie L Mackimmie	Trustee	1 Feb 2012	Other	5057790
David Katznelson	Trustee	1 Feb 2012	Other	5057745
Douglas Pierce Doyle	Trustee	1 Dec 2012	Other	2978453

Based in Bala Cynwyd

The principal office where Radcliffe Capital Management, L.P. performs its advisory services is located at 50 Monument Road, Bala Cynwyd, PA 19004, 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 610-617-5900 or by fax 610-617-0580. The normal business hours are 8:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at radcliffefunds.com.