Driehaus Capital Management LLC is a large advisory firm based in Chicago. It manages $6.53 billion of regulatory assets for 83 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Illinois, Ohio, and Texas.
Driehaus Capital Management provides portfolio management for individuals and small businesses, 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.
The assets under management (AUM) of Driehaus Capital Management LLC is $6.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 117% since the beginning of its operation, and $513.79 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Driehaus Capital Management LLC 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.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Richard Herman Driehaus is investment companies with 14 clients and $3.54 billion of assets under management. Among the 8 most similar advisory firms, Driehaus Capital Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $6.53 billion for 68 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 17% of the firm’s clients are foreign persons or businesses.
Driehaus Capital Management also advises several private funds. Namely, five hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $250,000.
The company employs 92 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Richard Herman Driehaus has been acting as President since 1 Sep 1982. Anne Steele Kochevar joined the executive team most recently as the Chief Compliance Officer.
The principal office where Driehaus Capital Management LLC performs its advisory services is located at 25 East Erie Street, Chicago, IL 60611 2703, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-587-3800 or by fax 312-587-3234. The normal business hours are 8:00 a.m. - 5:00 p.m. central time on Monday - Friday. You can find more information about the New York firm at driehaus.com.