Eversept Partners, L.P. (New York)

Name: Eversept Partners, L.P.
Address: 444 Madison Avenue, New York, NY, 10022
Telephone: 212-271-4200

Eversept Partners, L.P. is a large advisory firm based in New York. It manages $497.75 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and New York.

Eversept 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.

Eversept Partners: assets under management

The assets under management (AUM) of Eversept Partners, L.P. is $497.75 million. The firm's AUM has grown by 34% since the beginning of its operation, and $216.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $495.65 million in discretionary accounts and $2.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $123.91 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $697.01 thousand.

Eversept Partners has custody of $282.25 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eversept Partners, 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.

What kind of clients Eversept Partners serves?

The only and largest group of clients of Eversept Partners is pooled investment vehicles with 7 clients and $497.75 million of assets under management. Among the 5 most similar advisory firms, Eversept Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $497.75 million for 7 clients. 57% of the firm’s clients are foreign persons or businesses.

Eversept Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Eversept Partners, L.P.

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kamran (Nmn) Moghtaderi	Chief compliance officer, managing member	1 Sep 2015	75% - 100%	4782612
Eversept 1 Llc	Member	1 Nov 2016	Other	81-4423039

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kamran (Nmn) Moghtaderi	Managing member	1 Nov 2016	75% - 100%	4782612

Based in New York

The principal office where Eversept Partners, L.P. performs its advisory services is located at 444 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-271-4200 or by fax 212-271-4220. The normal business hours are 9:00am -5:00pm on Monday - Friday. You can find more information about the New York firm at eversept.com.