Permal Capital Management, LLC (Boston)

Name: Permal Capital Management, LLC
Address: 800 Boylston Street, Suite 1325, Boston, MA, 02199
Telephone: 617-587-5300

Permal Capital Management, LLC is a large advisory firm based in Boston. It manages $1.63 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Massachusetts.

Permal Capital Management 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.

Permal Capital Management: assets under management

The assets under management (AUM) of Permal Capital Management, LLC is $1.63 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 610% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.63 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $54.32 million each.

Permal Capital Management has custody of $108.07 thousand in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Permal Capital Management, LLC 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.

Careers at Permal Capital Management, LLC

Thomas M Delitto has been acting as President since 1 Mar 2002. Legg Mason Global Holdings Ltd. joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc. Permal Capital Holdings	Shareholder	1 Mar 2002	75% - 100%	13-3608433
Thomas M Delitto	Chairman	1 Mar 2002	Other	4896932
C Redington Barrett	President and ceo	1 Mar 2002	Other	1456441
Robert Di Geronimo	Managing director	1 Mar 2002	Other	4896933
Francois Becquaert	Member: board of managers	1 Mar 2002	Other	5089253
Inc. Permal Capital Holdings	Shareholder	1 Mar 2002	75% - 100%	13-3608433
Benjamin Marino	Managing director, chief financial officer, chief compliance officer	1 Aug 2003	Other	4896934
Richard Cordsen	Member: board of managers	1 Dec 2005	Other	5085493
Pcm Principals Llc	Shareholder	1 Apr 2007	Other	20-8815287
Llc Gcp Principals	Shareholder	1 Apr 2007	Other	20-8815287
Pcm Prinicipals Llc	Shareholder	1 Apr 2007	Other	20-8815287
Adriaan Zur Muhlen	Managing director	1 Nov 2007	Other	5688746
Michael Ralph Dagostino	Principal	1 Jul 2008	Other	1989685
Michael Ralph Dagostino	Managing director	1 Mar 2014	Other	1989685
Michael Ralph Dagostino	Managing director	1 Oct 2014	Other	1989685
Thomas Clifton Merchant	Manager	1 May 2016	Other	3126886
John Duff Kenney	Manager	1 May 2016	Other	2387755

Indirect Owners

The SEC currently registers 19 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ifi Spa	Shareholder	1 Dec 1958	50% - 75%	foreign
Giovanni Agnelli E C. Sapaz	Shareholder	1 May 1987	25% - 50%	foreign
Ifil Investissements Sa	Shareholder	1 Jun 1994	50% - 75%	foreign
Ifil Invetments S.P.A	Shareholder	1 Jun 1994	75% - 100%	foreign
Permal Group S.C.A	Shareholder	1 Jun 2002	75% - 100%	foreign
Worms & Cie Sa	Shareholder	1 Jun 2002	75% - 100%	foreign
Sequana Capital Sa	Shareholder	1 Jun 2002	75% - 100%	foreign
Permal Group Ltd	Shareholder	1 Jan 2005	75% - 100%	foreign
Permal Group Sca	Shareholder	1 Jan 2005	75% - 100%	foreign
Inc. Legg Mason	Shareholder	1 Nov 2005	75% - 100%	52-0902557
Legg Mason Global Holdings Ltd.	Shareholder	1 Nov 2005	75% - 100%	foreign entity
C Redington Barrett	Member	1 Apr 2007	25% - 50%	1456441
Robert Di Geronimo	Member	1 Apr 2007	25% - 50%	4896933
Inc. Legg Mason	Shareholder	1 Apr 2009	75% - 100%	52-0902557
Legg Mason Global Holdings Ltd.	Shareholder	1 Apr 2009	75% - 100%	foreign entity
Permal Group Holdings Llc	Shareholder	1 Jun 2013	25% - 50%	80-0912886
Permal Group Holdings Ltd	Shareholder	1 Jun 2013	75% - 100%	foreign entity
Permal Group Ltd	Shareholder	1 Jun 2013	50% - 75%	foreign entity
Legg Mason Global Holdings Ltd.	Shareholder	1 May 2016	75% - 100%	foreign entity

Based in Boston

The principal office where Permal Capital Management, LLC performs its advisory services is located at 800 Boylston Street, Suite 1325, Boston, MA 02199, 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 617-587-5300 or by fax 617-587-5301. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at permalcapital.com.