Covenant Credit Partners, LP (Charlotte)

Name: Covenant Credit Partners, LP
Address: 101 S. Tryon St., Charlotte, NC, 28280
Telephone: 980-495-7225

Covenant Credit Partners, LP is a large advisory firm based in Charlotte. It manages $907.75 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of North Carolina.

Covenant Credit 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.

Covenant Credit Partners: assets under management

The assets under management (AUM) of Covenant Credit Partners, LP is $907.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 82% since the beginning of its operation, and $907.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $907.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $453.88 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Covenant Credit Partners, LP 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.

What kind of clients Geoffrey Neal Cornell serves?

The only and largest group of clients of Geoffrey Neal Cornell is pooled investment vehicles with 2 clients and $907.75 million of assets under management. Among the 12 most similar advisory firms, Covenant Credit Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $907.75 million for 2 clients. 100% of the firm’s clients are foreign persons or businesses.

Covenant Credit Partners also advises several private funds. Namely, two securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Covenant Credit Partners, LP

The company employs 9 people that are either part- or full-time employees. 78 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.

Geoffrey Neal Cornell has been acting as President since 1 May 2018. Jami Nolan joined the executive team most recently as the Chief Compliance Officer And Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jami Nolan	Chief compliance officer and director of operations	1 Oct 2016	Other	6201615
Marc William Boatwright	Managing partner	1 Oct 2016	25% - 50%	6282565
Llc Pine Seed Capital	Limited partner	1 Oct 2016	50% - 75%	81-0978347
Llc Ccp Holdco Gp	General partner	1 Oct 2016	Other	99-9999999
Lp Covenant Credit Partners	Managing member of covenant clo advisors, llc	1 Jan 2017	75% - 100%	81-4370009
Jami Nolan	Chief compliance officer and director of operations	1 May 2018	Other	6201615
Marc William Boatwright	Vice president	1 May 2018	Other	6282565
Geoffrey Neal Cornell	President	1 May 2018	Other	2817981
Elaine Ann Rocha	Chief operating officer	1 May 2018	Other	6932942
Atif Mahmood	Chief financial officer	1 May 2018	Other	4975717
Tamerlaine Meredith Beattie	General counsel and secretary	1 May 2018	Other	4961716
Aig Global Asset Management Holdings Corp.	Member	1 May 2018	75% - 100%	13-3870953

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Aig Capital Corporation	Shareholder	1 Dec 2002	75% - 100%	60-0001373
Inc. American International Group	Shareholder	1 Dec 2002	75% - 100%	13-2592361
William Gray Stream	Manager	1 Dec 2015	50% - 75%	6685068
Matilda Gray Stream Trust	Member	1 Dec 2015	25% - 50%	46-6425580

Based in Charlotte

The principal office where Covenant Credit Partners, LP performs its advisory services is located at 101 S. Tryon St., Charlotte, NC 28280, 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 980-495-7225. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at covcredit.com.