Cressey & Company LP (Chicago)

Name: Cressey & Company LP
Address: 155 N. Wacker Dr, Chicago, IL, 60606
Telephone: 312-945-5700

Cressey & Company LP is a large advisory firm based in Chicago. It manages $2.09 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Illinois and Tennessee.

Cressey & Company 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.

Cressey & Company: assets under management

The assets under management (AUM) of Cressey & Company LP is $2.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 487% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.71 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cressey & Company LP for their services and products based on a percentage of assets under management. 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 Cressey & Company serves?

The only and largest group of clients of Cressey & Company is pooled investment vehicles with 11 clients and $2.09 billion of assets under management. Among the 10 most similar advisory firms, Cressey & Company has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.09 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Cressey & Company also advises several private funds. Namely, eleven private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $2,000,000.

Careers at Cressey & Company LP

The company employs 25 people that are either part- or full-time employees. 84 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
Scott A Maskalunas	Chief financial officer	1 Jun 2008	Other	2840730
Bryan Charles Cressey	Partner	1 Jun 2008	25% - 50%	6020540
Peter Scott Ehrich	Partner	1 Jun 2008	25% - 50%	2520158
Cressey & Company Llc	General partner	1 Jun 2008	Other	26-1211605
Scott A Maskalunas	Chief financial officer	1 Oct 2008	Other	2840730
Bryan Cressey	Partner	1 Oct 2008	25% - 50%	6020540
Ralph Davis	Partner; chief compliance officer	1 Oct 2008	Other	6020541
Peter Scott Ehrich	Partner	1 Oct 2008	25% - 50%	2520158
Bryan Charles Cressey	Partner	1 Oct 2008	25% - 50%	6020540
David Bryant Lourie	Chief compliance officer	1 Feb 2018	Other	6918137

Based in Chicago

The principal office where Cressey & Company LP performs its advisory services is located at 155 N. Wacker Dr, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Nashville, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-945-5700 or by fax 312-945-5701. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at cresseyco.com.