Entrustpermal Partners Offshore LP (New York)

Name: Entrustpermal Partners Offshore LP
Address: 375 Park Avenue, New York, NY, 10152
Telephone: 212-888-1040

Entrustpermal Partners Offshore LP is a large advisory firm based in New York. It manages $8.4 billion of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.

Entrustpermal Partners Offshore provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Entrustpermal Partners Offshore: assets under management

The assets under management (AUM) of Entrustpermal Partners Offshore LP is $8.4 billion. The firm's AUM has gone down by -32% since the beginning of its operation, and $6.53 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $7.43 billion in discretionary accounts and $970.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $194.1 million.

Entrustpermal Partners Offshore has custody of $5.41 billion in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Entrustpermal Partners Offshore LP 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 Entrustpermal Partners Offshore serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Entrustpermal Partners Offshore is pooled investment vehicles with 41 clients and $5.45 billion of assets under management. Among the 8 most similar advisory firms, Entrustpermal Partners Offshore has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.4 billion for 54 clients. 79% of the firm’s clients are foreign persons or businesses.

Entrustpermal Partners Offshore also advises several private funds. Namely, thirty two hedge funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $5,000,000.

Careers at Entrustpermal Partners Offshore LP

The company employs 155 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 17 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Joel Kahne	General counsel / chief compliance officer- u.s.	1 Sep 2007	Other	5467781
Gregg Scott Hymowitz	Chairman and chief executive officer	1 May 2016	25% - 50%	2247461
Jill Nmn Zelenko Kuller	Global chief risk officer & chief operating officer	1 May 2016	Other	4332080
Francois Paul Becquaert	Chief financial officer	1 May 2016	Other	5089253
Entrustpermal Llc	Owner	1 May 2016	75% - 100%	81-2289697
Entrustpermal Fof Management Gp Llc	General partner	1 Apr 2017	Other	80-0758450
Kristin Marie Weigand	Chief risk officer	1 Jan 2019	Other	5860241

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gh Ep Holdings Llc	Owner	1 May 2016	25% - 50%	81-2219548
Entrustpermal Group Holdings Llc	Owner	1 May 2016	50% - 75%	811908519
Edf Llc	Owner	1 May 2016	75% - 100%	05-0579197
Permal Uk Ltd. (Uk)	Owner	1 May 2016	50% - 75%	00-0000000
Permal Group Limited (Uk)	Owner	1 May 2016	75% - 100%	00-00000000
Legg Mason Global Holdings Ltd. (Cayman)	Iowner	1 May 2016	75% - 100%	00-0000000
Inc. (Usa) Legg Mason	Owner	1 May 2016	75% - 100%	521200960
Gh Onshore Gp Llc	Owner	1 May 2016	25% - 50%	81-1993167

Based in New York

The principal office where Entrustpermal Partners Offshore LP performs its advisory services is located at 375 Park Avenue, New York, NY 10152, which is also the mailing address of the firm. An additional office of the firm is in Medfield, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-888-1040 or by fax 212-225-8469. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at entrustpermal.com.