Puissance Capital Management LP (New York)

Name: Puissance Capital Management LP
Address: 950 Third Avenue, New York, NY, 10022
Telephone: 212-878-3702

Puissance Capital Management LP is a large advisory firm based in New York. It manages $129.73 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Puissance Capital Management 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.

Puissance Capital Management: assets under management

The assets under management (AUM) of Puissance Capital Management LP is $129.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $129.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.53 million each.

Puissance Capital Management has custody of $1.3 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Puissance Capital Management 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 Puissance Capital Management serves?

The only and largest group of clients of Puissance Capital Management is pooled investment vehicles with 7 clients and $129.73 million of assets under management. Among the 8 most similar advisory firms, Puissance Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $129.73 million for 7 clients. 100% of the firm’s clients are foreign persons or businesses.

Puissance Capital Management also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Puissance Capital Management LP

The company employs 3 people that are either part- or full-time employees. 33 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.

Theodore Tiefei Wang has served as the Chief Investment Officer since 1 Jan 2015. Puissance Capital Management (Gp) Llc joined the executive team most recently as the General Partner Of Registrant.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Puissance Capital Management (Gp) Llc	General partner of registrant	1 Jan 2015	Other	47-3285450
Theodore Tiefei Wang	Chief investment officer	1 Jan 2015	75% - 100%	2786005
Rodney Brian Miller	Chief compliance officer and chief financial officer	1 Jan 2015	Other	3274832

Based in New York

The principal office where Puissance Capital Management LP performs its advisory services is located at 950 Third Avenue, New York, NY 10022, 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 212-878-3702. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at puissancecapital.com.