Nassau Corporate Credit LLC (Darien)

Name: Nassau Corporate Credit LLC
Address: 17 Old Kings Highway South, Darien, CT, 06820
Telephone: (203) 902-5522

Nassau Corporate Credit LLC is a related adviser based in Darien. It manages $2.1 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut and New York.

Nassau Corporate Credit provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nassau Corporate Credit: assets under management

The assets under management (AUM) of Nassau Corporate Credit LLC is $2.1 billion. The firm's AUM has grown by 379% since the beginning of its operation, and $2.09 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.04 billion in discretionary accounts and $64.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $32.15 million.

Investments

The firm invests in other assets the most. They account for 63% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 37% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nassau Corporate Credit LLC 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 Nassau Corporate Credit serves?

The only and largest group of clients of Nassau Corporate Credit is pooled investment vehicles with 8 clients and $2.09 billion of assets under management. Among the 10 most similar advisory firms, Nassau Corporate Credit 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 8 clients. 78% of the firm’s clients are foreign persons or businesses.

Nassau Corporate Credit also advises several private funds. Namely, two other private funds, two private equity funds, and four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Nassau Corporate Credit LLC

The company employs 11 people that are either part- or full-time employees. 91 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
John Herbert Roth	Counsel, chief compliance officer and secretary	1 Feb 2017	Other	5938907
Alexander Jackson	Chief investment officer and member of the board of managers	1 Feb 2017	Other	2640000
Phillip John Gass	Member of board of managers	1 Feb 2017	Other	4443202
Nassau Asset Management Llc	Member of nassau corporate credit llc	1 Feb 2017	75% - 100%	87-0773412
Kostas Cheliotis	Member of board of managers	1 Feb 2017	Other	6765847
Thomas Arthur Williams	Chief financial officer	1 Feb 2017	Other	1024384
Nassau Corporate Credit Llc	Member of ncc clo manager llc (relying adviser)	1 Jun 2017	75% - 100%	287937

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Ggc Opportunity Fund Management	General partner	1 Jul 2007	Other	98-0546997
Ltd. Ggcof Executive Co Invest Holdings	General partner	1 May 2015	Other	98-1240473
Lp Golden Gate Capital Opportunity Fund	Limited partner	1 May 2015	50% - 75%	98-0546998
L.P. Golden Gate Capital Opportunity Fund A	Limited partner	1 May 2015	25% - 50%	98-0546999
Lp Golden Gate Opportunity Fund	Limited partner	1 May 2015	50% - 75%	98-0546998
L.P. Nassau Holdings	Limited partner	1 Sep 2015	75% - 100%	98-1250709
Llc Nassau Reinsurance Group Holdings Gp	General partner	1 Sep 2015	Other	47-5299012
L.P. Nassau Reinsurance Group Holdings	Member	1 Nov 2015	75% - 100%	38-3981572
L.P. Nassau Namco Splitter	Limited partner	1 Apr 2018	75% - 100%	98-1436133
Llc Nassau Namco Blocker	Limited partner	1 Apr 2018	25% - 50%	98-1431501
Lp Golden Gate Capital Opportunity Fund	Limited partner	1 Apr 2018	50% - 75%	98-0546998
L.P. Golden Gate Capital Opportunity Fund A	Member	1 Apr 2018	25% - 50%	98-0546999
L.P. Nassau Group Holdings	Member	1 Apr 2018	75% - 100%	98-1421752
Nassau Group Holdings Gp Ltd.	General partner	1 Apr 2018	Other	98-1421610
L.P. Ggc Opportunity Fund Management	General partner	1 Apr 2018	Other	98-0546997

Based in Darien

The principal office where Nassau Corporate Credit LLC performs its advisory services is located at 17 Old Kings Highway South, Darien, CT 06820, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (203) 902-5522. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ncc.nsre.com/ and its LinkedIn profile.