Birch Grove Capital LP (New York)

Name: Birch Grove Capital LP
Address: 660 Madison Avenue, New York, NY, 10065
Telephone: 212-753-7510

Birch Grove Capital LP is a large advisory firm based in New York. It manages $1.2 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Birch Grove Capital 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.

Birch Grove Capital: assets under management

The assets under management (AUM) of Birch Grove Capital LP is $1.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 281% since the beginning of its operation, and $1.15 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.73 million each.

Birch Grove Capital has custody of $982.67 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 69% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Birch Grove Capital 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 Birch Grove Capital serves?

The only and largest group of clients of Birch Grove Capital is pooled investment vehicles with 4 clients and $846.13 million of assets under management. Among the 8 most similar advisory firms, Birch Grove Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $846.13 million for 4 clients. 83% of the firm’s clients are foreign persons or businesses.

Birch Grove Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Birch Grove Capital LP

The company employs 21 people that are either part- or full-time employees. 48 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.

Jonathan Israel Berger has served as the Chief Investment Officer since 1 Dec 2012. Andrew Adam Fink joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Adam Fink	President and chief compliance officer	1 Dec 2012	Other	4409061
Jonathan Israel Berger	Chief investment officer	1 Dec 2012	75% - 100%	2768382
Birch Grove Capital Management Llc	General partner	1 Dec 2012	Other	90-0939410
Rodd Davin Evonsky	Chief financial officer	1 Jan 2013	Other	4484163
Rodd Evonsky	Chief financial officer	1 Jan 2013	Other	4484163
Todd Andrew Berry	Chief operating officer	1 Apr 2014	Other	6471196

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Adam Fink	Member	1 Jan 2015	25% - 50%	4409061

Based in New York

The principal office where Birch Grove Capital LP performs its advisory services is located at 660 Madison Avenue, New York, NY 10065, 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 212-753-7510 or by fax 212-758-5429. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at birchgrovecap.com.