Castlelake, L.P. is a large advisory firm based in Minneapolis. It manages $15.79 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Minnesota and Texas.
Castlelake 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.
The assets under management (AUM) of Castlelake, L.P. is $15.79 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 557% since the beginning of its operation, and $877.87 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Castlelake, L.P. 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.
The only and largest group of clients of Peter Hughes Glerum is pooled investment vehicles with 19 clients and $15.79 billion of assets under management. Among the 8 most similar advisory firms, Castlelake has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $15.79 billion for 19 clients. 15% of the firm’s clients are foreign persons or businesses.
Castlelake also advises several private funds. Namely, fourteen private equity funds and five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 157 people that are either part- or full-time employees. 50 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 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.
Peter Hughes Glerum has been acting as President since 1 Feb 2018. David James Parrin joined the executive team most recently as the Chief Administrative Officer.
The principal office where Castlelake, L.P. performs its advisory services is located at 4600 Wells Fargo Center, Minneapolis, MN 55402 3901, 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 612-851-3000 or by fax 612-851-3001. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at castlelake.com and its LinkedIn profile.