Sumeru Equity Partners, LP (Foster City)

Name: Sumeru Equity Partners, LP
Address: 950 Tower Lane, Suite 1788, Foster City, CA, 94404
Telephone: 650-479-1080

Sumeru Equity Partners, LP is a large advisory firm based in Foster City. It manages $1.73 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Sumeru Equity Partners 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.

Sumeru Equity Partners: assets under management

The assets under management (AUM) of Sumeru Equity Partners, LP is $1.73 billion. The firm's AUM has grown by 584% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts and $666.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $333.49 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sumeru Equity Partners, LP for their services and products based on a percentage of assets under management. 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 Sumeru Equity Partners serves?

The only and largest group of clients of Sumeru Equity Partners is pooled investment vehicles with 8 clients and $1.73 billion of assets under management. Among the 9 most similar advisory firms, Sumeru Equity Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.73 billion for 8 clients. None of the firm’s clients are foreign persons or businesses.

Sumeru Equity Partners also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Sumeru Equity Partners, LP

The company employs 17 people that are either part- or full-time employees. 82 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
Kyle Trivitt Ryland	Limited partner, managing partner & managing director	1 Mar 2014	75% - 100%	2205451
Llc Sumeru Equity Partners	General partner	1 Mar 2014	Other	46-5424372
Robert Stephen Randleman	Chief operating officer, chief financial officer, chief compliance officer, and managing director	1 May 2014	Other	6409308
Jason Ethan Babcoke	Managing director	1 May 2014	Other	6409309
John Desmond Brennan	Managing director	1 May 2014	Other	1716932
Paul Nmn Mercadante	Managing director	1 May 2014	Other	6409310
Sanjeet Nmn Mitra	Managing director	1 May 2014	Other	4974276
Abdo George Kadifa	Managing director	1 Jul 2015	Other	6528257

Based in Foster City

The principal office where Sumeru Equity Partners, LP performs its advisory services is located at 950 Tower Lane, Suite 1788, Foster City, CA 94404, 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 650-479-1080 or by fax 650-753-2417. The normal business hours are 9:00am - 5:00pm pt on Monday - Friday. You can find more information about the New York firm at sumeruequity.com.